The German economy is likely to suffer all winter-Bundesbank | Photo credits: Emanuele / CC BY-SA 2.0
FRANKFURT, Sept 19 (Reuters) – Germany’s economy is already contracting and the situation is likely to only worsen over the winter months with the risk of gas rationing, the Bundesbank said on Monday. national central bank.
And even if such rationing can be avoided through the use of new sources of energy supply and a reduction in consumption, it is likely that this will not be enough to avoid a decline in gross domestic product (GDP), a- she added.
“Economic activity could decline somewhat in the current quarter and contract sharply in the fall and winter months,” she said.
La Buba specifies, however, that she does not expect to see the gloomy scenario presented in June, which forecast a fall of 3.2% in GDP in 2023, materialize.
(Report Francesco Canepa, French version Marc Angrand, edited by Sophie Louet)