Germany facing double recession: DIHK fears biggest economic crisis in 20 years. For only the second time in post-war history, there will likely be a phase of two consecutive years of declining economic output.
Despite major investments from Microsoft and other companies, the DIHK sees an impending economic crisis. The supply chain law could be on the brink. Ifo sees home-made problems, but also by the sluggish global economy, with the local export industry suffering. The German economy is suffering “The weak growth can be explained by factors that come from outside,” said the President of the Ifo Institute.