German Economy Likely Already in a Recession, Will Last Three Quarters


Backlink: REUTERS

Europe’s largest economy and manufacturing powerhouse is among the most vulnerable to any cut-off in energy supplies or rising costs as its industrial sector relies heavily on Russian gas.

The Aug. 29 – Sept. 1 Reuters poll showed Germany would see three consecutive quarters of negative growth, surpassing the definition of a technical recession which only requires two.




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