Germany, Europe’s largest economy, may already be in recession, writes Bloomberg.
Currently, according to the publication, every sixth industrial company in Germany plans to reduce production or partially suspend work due to rising costs, including because of record prices for “blue fuel”.
The German economy is likely to grow 1.2% this year and 0.8% in 2023, the International Monetary Fund said this week, downgrading its rating to earlier forecasts.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel