Economics
Bundesbank Says There Are Mounting Signs of Recession in Germany
- Central bank sees ‘noticeable’ contraction in winter quarters
- Inflation rate could enter double digits in coming months
A souvenir kiosk in Munich.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Hints of a recession in Europe’s largest economy are becoming more evident after a significant deterioration in supply conditions, the Bundesbank said.
Throttled energy shipments in particular as a direct consequence of Russia’s war in Ukraine are leading to soaring prices and mounting uncertainty in Germany affecting both companies and households, the central bank said in a monthly report on Monday.