BERLIN (Reuters) – The German government said on Wednesday it expects Europe’s biggest economy to fall into recession in 2023 due to the energy crisis, rising prices and grid bottlenecks. supply, confirming information from Reuters.
The German economy is expected to contract in the third and fourth quarters of this year as well as in the first quarter of 2023, said Economy Minister Robert Habeck.
The German government now anticipates a contraction of 0.4% in gross domestic product in 2023, whereas it previously forecast growth of 2.5%.
(Riham Alkousaa report; written by Maria Sheahan; Laetitia Volga for the French version, edited by Jean-Stéphane Brosse)
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