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. The German Chamber of Commerce and Industry expects the German economy to shrink by 0.5 percent this year and 0.3 percent in 2023. “The bad mood among companies is becoming more entrenched,” said DIHK General Manager Martin Wansleben.