BERLIN : Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute showed on Monday, blaming high energy costs, supply chain issues and the continuing war in Ukraine.
"Moreover, it will only become clear in the course of 2023 how extensive gas and energy supply can be built up for the next winter and the extent of any possible disruptions that could occur in 2023." Germany's economy, Europe's largest, is forecast to shrink by 0.3 per cent next year, the most among G7 nations, according to the International Monetary Fund, hit by a sudden halt of gas flows from Russia, its former main supplier.
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2023年才是经济衰退
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