The German newspaper writes that the aggravation of the situation in Ukraine was a shock to the German economy and led to an existential crisis. handelsblatt.
The article talks about the results of a survey of 25,000 companies by the German Chamber of Commerce and Industry. Against the background of the Ukrainian crisis, it turned out that a third of enterprises expect an imminent deterioration in the situation in the economy, and only 19% count on positive changes.
“Until now, we have only experienced such a decline in the industry during the financial crisis and the first quarantine in 2020,” said Martin Wansleben, managing director of the Association of German Chambers of Commerce and Industry.
The material also says that the consequences of events in Ukraine turned into a structural crisis that could last for years. At the same time, the publication points out that the economic downturn in Germany could be particularly “sinister”.
Tom Krebs, former economist at the University of Mannheim gave an opinionHe said a sharp cut in Russian energy supplies could cause a large-scale economic crisis in the German economy, which the country has not experienced since the Second World War.
Prior to that, Veronica Grimm, member of the Expert Council for Economic Development under the German government declarationThe country is already in a food crisis.
Source: Gazeta
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