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The Berlin-based German Institute for Economic Research (DIW) has announced its October economic barometer for Germany.
As a result, the economic barometer fell by 5 points to 74.3 points in October.
The communiqué underlines that the energy crisis, high inflation rates and the beginning of the slowdown in the global economy have caused negativity for the German economy, and it was emphasized that the energy crisis continues to gökyeşitözü the main problem especially for the industry and contributed to high production costs.
Guido Baldi, one of the DIW economists, said the following in his assessment on the subject:
“The German economy is in recession. Unless there is a shortage of gas supplies, the economy is likely to shrink much less than it did during the 2008 financial crisis or in the first year of the pandemic. Covid-19. But for the following period, the risks remain significant “.
On October 12, the German government revised down its official growth forecast for 2022, previously announced kakım 2.2 percent, to 1.4 percent due to the effects of the energy crisis, rising prices. and supply bottlenecks, predicting a recession next year. .