Germany faces $240 billion hit if Russian gas is cut off ...Egypt

London (CNN Business) – Germany would plunge into a deep recession if its supply of Russian natural gas was suddenly shut off, the country’s top forecasters warned on Wednesday. The country would lose 220 billion euros ($238 billion) in economic output over the next two years in the event of such a shock, according to a report by five German economic institutes. German GDP would rise by just 1.9 percent in 2022, and contract by 2.2 percent in 2023. Growth would be 2.7 percent this year if the gas keeps flowing. Cutting Russian gas would push Europe’s largest economy into a “sharp recession,” said Stefan Kooths, research director at the Kiel Institute for the World Economy and one of the repo

Hence then, the article about germany faces 240 billion hit if russian gas is cut off was published today ( Monday 18/04/2022 - 11:57 AM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Germany faces $240 billion hit if Russian gas is cut off )

Last updated : 18 April 2022 clock 11:57 AM

Also on site :

Germany faces $240 billion hit if Russian gas is cut off ...Egypt

Jackson Wang’s MAGIC MAN 2 Is Where Happiness Prevails: Best Moments From His Brooklyn Show

Freshman guard Isaiah Johnson commits to transfer to Texas

From Carpools to Coachella: Celebrity Moms Let Loose in the Desert

Rory McIlroy Accused of Gaining Unfair Masters Advantage

‘How Do We Make Sure That Claude Behaves Itself?’ Anthropic Invited 15 Christians for a Summit

Last Kursk civilians held by Ukraine freed after 500 days (VIDEO)

RPD: Stolen car drives wrong way and hits school bus on Remington Street, no injuries

Box Office Milestone: ‘Super Mario Galaxy’ Soars Past $300M in U.S. and $600M Globally

Boy, 9, rescued after being locked in his father’s van in France for over a year

Winter Weather Advisory issued April 11 at 12:19PM PDT until April 13 at 11:00AM PDT by NWS Los Angeles/Oxnard CA

The Pitt's Shawn Hatosy Addresses Supriya Ganesh’s Surprise Exit

Average price of new cars nears $50,000 as automakers focus on big pickups and SUVs while cheaper sedans get phased out

1983 Smash Hit Ranked Among ‘Best Dance Movies of All Time’

These 3 Teams Already Have No Shot at the 2026 World Series

Ricardo Belmont, el empresario, exalcalde de Lima y excandidato presidencial que de nuevo busca gobernar Perú