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Germany sees brighter outlook for Europe’s largest economy
The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as Europe’s largest economy manages its energy divorce from Russia and shells out support for consumers and businesses hit by higher energy costs. The 2023 outlook improved to an 0.2% expansion from a 0.4% contraction that was expected in October, when Germany feared it would run out of natural gas used to power factories, generate electricity and heat homes this winter. Warmer-than-usual weather helped, as did a scramble to line up additional supplies of liquefied natural gas, or LNG, that comes by ship ... (full story)
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- Posted: Jan 25, 2023 3:41pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 320
