Economics
German Hopes of Avoiding Recession Are Shrinking by the Day
- IMF predicts slowest G-7 growth as inflation and energy weigh
- Banks say downturn has begun and will last into 2023
The Reichstag building in Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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Germany’s economic prospects are worsening by the day as record inflation haunts households and threats swirl over supplies of everything from Russian natural gas to manufacturing components.