Euronews: #Germany expected to be only major economy not to grow this year
— "According to the latest figures from the International Monetary Fund, Germany's #GDP is forecast to drop 0.3% this year while other countries continue to grow.
• The German #economy is still failing to grow, figures showed on Friday, as the country that should be the industrial powerhouse for all of #Europe struggles with high energy prices, rising borrowing costs and a lagging rebound from key trading partner #China.
• Economic output in Germany stagnated in the April-to-June quarter, the Federal Statistics Office said. That follows a decline of 0.1% in the first three months of the year and a drop of 0.4% in the last three months of 2022 as the energy shock from Russia's war in #Ukraine echoed through Europe's largest economy."
#Russia #UkraineWar
There are no comments yet.