IWH: Shutting down Russian gas supplies would cause a recession in Germany

Recession would await Germany if Russian gas supplies stop

According to calculations by the IWH (Leibniz-Institut für Wirtschaftsforschung Halle), significant economic damage is to be expected “where the manufacturing industry produces particularly high added value, for example in several districts and cities in southern Germany”. According to the IWH, in 2023, German gross domestic product could shrink by two percent. (MTI)