"Permanent loss of prosperity": Economic researchers with dramatic prognosis for Germany
Created: 09/29/2022, 10:19 am
By: Lisa Mayerhofer
Breaking news from IPPEN MEDIA.
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The German economy is facing hard times in view of the energy crisis.
This emerges from the autumn report of the most important German economic researchers.
Munich – The leading German economic institutes expect the economy to collapse in the coming year in view of the energy crisis.
In their autumn report published on Thursday, they expect economic output to decline by 0.4 percent on average for 2023.
The escalation on the gas markets means a “permanent loss of prosperity” for Germany.
(lma/AFP) More to come
