Germany’s economy stagnated in the second quarter of 2022, according to the August monthly report from the country’s finance ministry, according to Reuters. The grim numbers cite the war in Ukraine, soaring energy prices, the pandemic and supply disruptions. “The outlook for (the economy’s) development is currently noticeably bleak,” the report said. He also noted a “high degree of uncertainty” in future predictions.
Read and decide
Join EUobserver today
Become an expert on Europe
Instantly access all articles and 20 years of archives. 14 day free trial.
… or register as a group