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Germany Slashes GDP Forecast – Warns of Recession if Russian Gas Halted

German industry association BDI slashed its outlook for GDP growth on Tuesday from 3.5% to just 1.5% and admitted cutting all Russian gas supplies would make recession inevitable.

BDI added that it didn’t expect GDP to return to pre-energy crisis levels until next year at the earliest.

German Economy Minister Robert Habeck said Sunday that Berlin will have to boost the use of coal for electricity production to make up for the shortage of natural gas from Russia.

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Man who pretended to be a garda and stopped people during lockdown avoids jail
All: BreakingNews.ie (RSS)

Dorian Brylewicz (23) and another man stopped a number of people in April 2020 claiming to be gardaí

UK Protocol Bill could threaten Ireland’s place in EU single market, warns Bertie Ahern
All: BreakingNews.ie (RSS)

The former taoiseach was speaking to the Institute of International and European Affairs.

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