Germany Slashes GDP Forecast – Warns of Recession if Russian G | Melania Trump (Official)

Germany Slashes GDP Forecast – Warns of Recession if Russian Gas Halted

German industry association BDI slashed its outlook for GDP growth on Tuesday from 3.5% to just 1.5% and admitted cutting all Russian gas supplies would make recession inevitable.

BDI added that it didn’t expect GDP to return to pre-energy crisis levels until next year at the earliest.

German Economy Minister Robert Habeck said Sunday that Berlin will have to boost the use of coal for electricity production to make up for the shortage of natural gas from Russia.