Economics
Germany Risks ‘Imminent’ Recession on Gas Cutoff, Deutsche Bank Says
- Europe faces ‘big negative supply shock’ on Russian gas
- Analysts warn energy turmoil to hurt growth, weaken euro
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European economies are facing a major new shock from slowing deliveries of Russian natural gas, which threaten to push inflation even higher than the current record levels and drive the continent’s powerhouse Germany into “imminent” recession, Deutsche Bank said.