- Germany’s economy — the largest in Europe — is heading for an slump that could last into next year, the country’s central bank, the Bundesbank.
- Prior to the invasion of Ukraine, Russia accounted for 55% of Germany’s gas supply.
- The Bundesbank’s forecast of a recession matches recent analyses from leading German economic research institutes including the Munich-based Ifo Institute for Economic Research and the Kiel Institute for the World Economy.
Germany on track for recession, high inflation in 2023, says central bank 19.09.2022
