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Economic activity will likely fall in the final quarter of 2022 and the first few months of 2023, according to BDI President Siegfried Russwurm. However, the experts only anticipate a minor decline.
There are more and more indications that the German economy will be able to avoid going into a severe recession as a result of issues with the energy supply.
Due to a decrease in the pressure from rising energy prices, Germany's annual inflation rate decreased to 11.3% in November from 11.6% in October. The German economy will expand by 1.4% this year and contract by 0.4% the next year, according to government projections.
source: dw.de
There are more and more indications that the German economy will be able to avoid going into a severe recession as a result of issues with the energy supply.
Due to a decrease in the pressure from rising energy prices, Germany's annual inflation rate decreased to 11.3% in November from 11.6% in October. The German economy will expand by 1.4% this year and contract by 0.4% the next year, according to government projections.
source: dw.de
