In its forecast for the fall of 2022, the government bet on shrinkage 0.4 percent of GDP this year.
Many economic institutes and experts also bet on the decline in accumulated wealth in 2023, even if they bet on a limited decline in the gross domestic product.
Male Olaf Schultz to support his statement "We have shown that we can handle very difficult situations"according to the agency "bloomberg".
The energy crisis caused by the war was reflected in Ukrainenegatively on the German model, which relies mainly on importing cheap gas from Russia.
The war put an end to Russian supplies Gascausing prices to rise in Europe during the period of the year.
rate rose inflation As well as industrial production costs, the engine of German growth, which raised fears of a major economic crisis in the country.
But the largest economy in Europe It has held up better than expected, thanks to strong consumption, government subsidies and huge energy savings in the United States Industrial sector.
Schultz added "I don’t think anyone really expected us to get away so easily from a situation where supplies were cut off Russian gas to me Germany Completely".
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“I am absolutely convinced that this will not happen, that we will not enter into a situation,” he said recession“.
In its forecast for the fall of 2022, the government bet on shrinkage 0.4 percent of GDP this year.
Many economic institutes and experts also bet on the decline in accumulated wealth in 2023, even if they bet on a limited decline in the gross domestic product.
Male Olaf Schultz To back up his statement, “We have shown that we can handle very difficult situations,” according to Bloomberg.
The energy crisis caused by the war was reflected in Ukrainenegatively on the German model, which relies mainly on importing cheap gas from Russia.
The war put an end to Russian supplies Gascausing prices to rise in Europe during the period of the year.
rate rose inflation As well as industrial production costs, the engine of German growth, which raised fears of a major economic crisis in the country.
But the largest economy in Europe It has held up better than expected, thanks to strong consumption, government subsidies and huge energy savings in the United States Industrial sector.
“I don’t think anyone really expected us to get away so easily from a situation where supplies are cut off,” Schulz said Russian gas to me Germany Completely”.