Analysis: Just how bad was the war in Ukraine for Europe's biggest economy last year? [CNN]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
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Source: CNN
LondonCNNGermany’s economy grew slightly last year despite battling an energy crisis sparked by Russia’s war in Ukraine.The country’s GDP roseThat has “greatly diminished” the risk of a much-feared recession in Germany, Deutsche Bank said in a note Friday. The bank predicts the German economy will stagnate this year, rather than decline, as it had previously forecast.Other economists are more hopeful.“We expect the economic cooldown to be only mild and predict a small, but positive growth rate for the overall year 2023,” Timm Boenke, co-head of forecasting and economic policy at the German Institute for Economic Research, in Berlin (DIW Berlin), told CNN.German Minister of Economics and Protection Robert Habeck shows a graph featuring forecasts of gas storage levels as he gives a press conference on energy supply security, on June 23, 2022 at his Ministry in Berlin.Tobias Schwarz/AFP/Getty ImagesEither way, it’s welcome news for ’s biggest economy.Since the world started to reopen in
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