German economists warn of GDP contraction and record inflation in case of Russian energy ban

In the Joint Economic Forecast, Germany’s government advisors warned of a contraction in the economy next year in case of a full halt in Russian natural gas imports. Inflation could also be pushed further the post-war record. In the baseline scenarios, GDP is estimated to grow 2.7% in 2022 (revised down from fall report’s 4.8%), […]

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