New energy sources and lower demand due to unusually warm weather are expected save the EU’s biggest economy from contraction Accelerated efforts towards diversifying energy sources away from Russia, along with an unusually mild winter, will help the EU’s largest economy to avoid recession this year, according to German Chancellor Olaf Scholz. Germany is weathering the winter energy crunch better than feared a few weeks ago, the country’s leader said on Tuesday in an interview with Bloomberg, adding that a swift pivot to new non-Russian energy sources had become a decisive factor in bolstering the nation’s economy
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