Business & Economy

German economic downturn warning

A German government study warned that the national economy would shrink significantly if Russian gas was banned.
The study, prepared by government advisor Tom Krebs, said that “the German economy will shrink by up to 12% if imports of Russian natural gas stop immediately.”
Germany relies heavily on Russian gas at 55%, which makes the Russian gas ban a strong shock to the German economy if realistic alternatives are not secured.

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