German GDP showed zero growth in the second quarter of 2022 compared to 2021

The German economy showed no growth in the second quarter of 2022 compared to the same period in 2021, when the country’s heaviest coronavirus-related restrictions were put in place. About knowledgeable Press service on the website of the Federal Statistical Institute.

Germany’s GDP increased by 1.5 percentage points from April to June. Between January and March 2022, economic growth was 0.8%. The agency listed the difficult global economic conditions during the pandemic, disruption of supply chains, rising prices and the conflict in Ukraine among the reasons for the slowdown in economic development.

“Germany is on the verge of recession. Clemens Fuest, head of the Ifo Economics Institute, said that high energy prices and the threat of gas shortages have had a negative impact on the economy.

On July 29, Bloomberg columnist Maria Tadeo expression The view that Germany has lost its leadership position in the European Union due to the energy crisis.

Same day edition of Die Welt reportedHe said that residents of Germany’s city of Bayreuth booed German Economy Minister Robert Habek in his speech about Ukraine.

Source: Gazeta


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