Video: Habeck expects a significant economic downturn

STORY: NOTE: YOU WILL RECEIVE THIS CONTRIBUTION WITHOUT VOICE TEXT. O-TON, FEDERAL MINISTER OF ECONOMY ROBERT HABECK (THE GREENS): “This serious energy crisis threatens to grow into an economic crisis and, as a result, a social crisis. And if you look at or listen to Vladimir Putin’s speeches in translation, then that is exactly his goal. Destroying the economic and political stability of Germany, Europe and its opponents with high prices, high energy prices and high inflation, and thus making the social foundations brittle and possibly destabilizing It is therefore important that we, with this awareness, stand up and fight against it And you can already see in these numbers that this is happening successfully. I am firmly convinced that Putin will fail with this attempt to destabilize the basic economic and political order, just as he is about to fail on the battlefield in Ukraine We will see a decline this year from April’s projection have economic growth. We are now forecasting growth in the fall, still growth of 1.4%. But in April this year we still predicted 2.2%. For the next year we are then in a recession with -0.4%, ie negative growth. The numbers that we projected for 2023 in the fall still assumed growth of 2.5%. This is already a significant economic slowdown, concentrated primarily in the third and fourth quarters of this year and the first quarter of next year.”

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