The German government’s council of economic advisers more than halved its growth forecast for Europe’s largest economy on Wednesday and flagged a “substantial” recession risk as a result of Russia’s invasion of Ukraine.
BERLIN, March 30 (Xinhua) The German Council of Economic Experts (GCEE) on Wednesday slashed its economic growth forecast for Germany in 2022 from 4.6 percen
RIYADH: Europe’s economy is increasingly strained by Russia’s war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on Wednesday. Sanctions on Russia following its invasion last month have pushed energy prices to record highs across the continent, sapping confidence and raising the risk of another recession,
BERLIN (Reuters) - The German government's council of economic advisers slashed its gross domestic product (GDP) forecast for Europe's largest economy.