Germany Recession

Germany, Italy to face recession as IMF cuts global growth forecast

Internation Monetary Fund has also trimmed its 2023 global GDP forecast to 2.7 percent, 0.2 points down from July expectations.

Germany expects recession next year as gas crisis worsens

German inflation was at its highest rate in more than a quarter of a century in September, driven by high energy prices, with analysts warning the worst was yet to come.

Sanctions bite back at Germany, exposing the country to cold winter

The patience of ordinary Germans is wearing thin as the country grows increasingly vulnerable to a severe energy crisis, posing a direct challenge to the Scholz administration.