This is due to a series of factors, most importantly the breakdown in relations between Germany and Russia, from whom they got most of the natural gas they need to fuel their industry.
Slowcession
The German economy has shrunk in the 1st quarter of 2023 as it continues its months-long ‘slowcession’, a state between recession and stagnation, being the only major economy not expected to grow this year.
By PA/TPN, in Europe, World · 19 Aug 2023, 10:31 · 0 Comments