Prices in Germany will continue rising for months, warns institute thelocal.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.de Daily Mail and Mail on Sunday newspapers.
German economic sentiment has considerably deteriorated, according to Ifo Institute for Economic Research in Munich, whose business climate index fell to 84.3 points in September,.
The European Union should be "very careful" about imposing a price cap on all gas imports entering the single market, Germany's Minister of State for Europe Anna Luhrmann warned as fears of a recession grow in Europe's largest economy as a result of soaring energy prices.
The signs of a recession of the German economy are multiplying, reads the monthly report from the country s central bank, Bundesbank, adding a slump that could last into next year .