Five reasons why the feared recession could not happen



Container handling at the port of Hamburg

Despite supply chain bottlenecks, Russia sanctions and the energy crisis, the federal government sees the German economy as “resilient”.


(Photo: dpa)

Berlin In a week, Federal Minister of Economics Robert Habeck (Greens) should present the federal government’s new annual economic report. In mid-December, his company drew up a first draft for this – with a rather gloomy outlook for the economic situation.

In the meantime, the ministries have continued to work on the report. The current draft version, which is available to the Handelsblatt, reads quite positively. “Overall has Germany the economic consequences [des Kriegs] coped well so far,” it says. Despite supply chain bottlenecks, sanctions against Russia and the freeze on Russian gas supplies, the German economy is proving to be “resilient”.

That doesn’t sound like the recession that almost all experts had predicted so far. On the contrary, now the voices are increasing, according to which the economy may not experience a recession at all. As evidence, they give five reasons, which are listed below.

Recession: These definitions exist

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