Europe’s largest economy is expected to shrink next year The German economy is headed for a sharp decline next year, researchers from the Kiel Institute for the World Economy warned on Thursday. “The German economy is in a downward spiral. The recent price jumps for electricity and gas will reduce the purchasing power of private households and lead to a decline in private consumer spending. In addition, the slowing world economy will dampen not only exports but also investment activity. As a result, the German economy will slide into recession once again, at a time when it was just recovering from the pandemic-rel
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