The Energy Crisis Is Pushing Germany Into A Recession ...Middle East

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The Energy Crisis Is Pushing Germany Into A Recession
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Signs are mounting that the German economy is slipping into recession, which will deepen as we head into the winter months amid the ongoing natural gas and energy crisis, Bundesbank, the central bank of Germany, said in its monthly report on Monday.   Economists at Bundesbank now expect a broad-based and longer-lasting decline in German economic activity. Germany's real gross domestic product (GDP) is expected to shrink somewhat in the third quarter and decline significantly in the next quarter and winter months, Bundesbank said. The gas supply…

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