German economy likely to shrink
Politics
16:57 19 Sep, 2022
The German central bank said on Monday it was increasingly likely that Europe’s largest economy would shrink for a “prolonged” period as Russia throttled energy supplies to the continent.
In its monthly report Qazet.az reports according to the Bundesbank said:
The signs of a recession for the German economy are multiplying.”
It also warned of a “broad-based and prolonged decline in economic output”.