Germany’s finance ministry says the country’s economic outlook is bleak


The prospects for further economic development in Germany are bleak due to rising energy prices and disruptions in the supply chain, according to a monthly report on the website of the German Treasury.

The ministry noted that in the second quarter of 2022, the country’s economy was in stagnation.

“A significant decline in gas supplies from Russia, persistently high prices for energy and other commodities, and longer-than-expected disruptions to supply chains, including due to China’s so-called zero-COVID policy, have weighed heavily on the economy. »says the document.

The Ministry of Finance added that an updated economic forecast for Germany should be presented on October 12.

As reported IA REGNUMin mid-July, Deutsche Wirtschafts Nachrichten wrote that the energy crisis has become for the German economy …

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