
German Central Bank Laments Over Signs Of Recession
The German central bank has lameneted on Monday about the fact that it was increasingly likely that Europe’s largest economy would be shrinking for a “prolonged” period as Russia has completely throttled down energy supplies to the continent.
“The signs of a recession for the German economy are multiplying,” the Bundesbank said in its monthly report, warning of a “broad-based and prolonged decline in economic output”.
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The likely slump was above all down to “supply-side constraints”, namely reduced deliveries of energy in the wake of the Russian invasion of …