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The April 2022 CfM survey asked members of its European panel to assess the effects of an embargo on Russian gas on the German and EU economies. The majority of panellists assesses that an embargo on Russian gas would cut one to three percentage points from German GDP growth in 2022-3, if the German government offsets the costs with well-targeted fiscal policy. Estimates

Oleg itskhokiRobert habeckRamon marimonSergei gurievRicardo hausmanGerman council of economic expertsPhilip jung university of dortmundGerman institute for economic researchEuropean central bankEran yashiv tel aviv universityAssociation of the german industryVolker wieland goethe university frankfurtRichard portes london business schoolBen moll london school of economicsGerman council of economic experts bergerGreat depression type