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Fresh recession warning issued for Germany ...News
Europe’s largest economy will suffer amid the global downturn, Der Spiegel reports Germany will be among the countries worst affected by the global economic slowdown next year, Der Spiegel magazine reported on Monday, citing data from the Organisation for Economic Cooperation and Development (OECD). Europe’s largest economy could shrink by 0.7% in 2023, according to the OECD’s latest forecast, with the organization citing rising energy prices as the reason for the downturn. The OECD’s forecast is higher than the 0.3% predicted by the Munich-based Ifo Institute for Economic Research earlier this month and the 0.2%
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