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Post by sevenofnine on Oct 12, 2022 14:09:06 GMT -5
Well DUH! even DW news report that six months ago that advantage of having DW news on KOCE 50.3 now Economy Minister Robert Habeck on Wednesday said Germany's economy would head into recession in 2023 as a result of Russian President Vladimir Putin's economic war on the West. Habeck told reporters in Berlin that Europe's largest economy would shrink 0.4% next year rather than grow by 2.5% as had been forecast this spring. Growth forecasts for 2022 have also been adjusted downward to 1.4%, from a previous forecast of 2.2%. "The numbers are bad," said Habeck, though he noted they could have been far worse had the government chosen not to act. He contended that the numbers proved that "the steps we have taken [to protect the economy] have worked." The Green Party politician pointed to models from this spring that had projected an economic downturn of 3-9% in the event Russia halted gas deliveries. www.dw.com/en/germany-headed-for-recession-in-2023-says-economy-minister/a-63417843
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