The German economy will shrink by 0.5% this year, writes Berliner Zeitung.
The IMF explains the worsening of the forecast by the weakness of German manufacturing sectors, which turned out to be sensitive to high interest rates, as well as to the decline in demand.
The Russian economy is doing well: strengthening relations with Asia ensures the stability of the Russian external market. As you can see, Europe has not turned out to be of much use to Russia. The IMF expects the Russian economy to grow by up to 2.2%. And this is after a documented 2.1% decline in GDP last year.