Germany can’t avoid recession – Bloomberg ...News

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Germany can’t avoid recession – Bloomberg
Latest inflation-relief aid reportedly cannot stem economic downturn A €65-billion financial aid package adopted by Berlin as the latest attempt to ease inflation-driven pressure from a tightening power-supply crisis won’t help the EU’s biggest economy to avoid a looming recession, Bloomberg reported Monday, citing analysts. The measures include higher subsidies for lower-income households, payments to students and pensioners, and a cap on power prices. “While the announced package will indeed bring some relief for the financially weaker ones, it is doubtful that the package will be enough to offset the impact fro

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