German Economy To Avoid Recession In 2023, Says Berlin
Faizan Hashmi Published January 25, 2023 | 04:30 PM
Frankfurt, Germany, (UrduPoint / Pakistan Point News - 25th Jan, 2023 ) :Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe's biggest economy weathers the fallout from the Ukraine war better than expected.
Industrial powerhouse Germany is forecast to eke out growth of 0.2 percent in 2023, the economy ministry said in its latest projections.
As well as criss-crossing the globe to find alternative suppliers, the German government has unveiled a 200-billion-euro ($212-billion) support package to cushion the energy crisis, including a cap on electricity and gas prices.