Tag: Olaf Scholz

  • German economy stalls as recession looms

    German economy stalls as recession looms

    German growth stagnated in the second quarter of the year, official data showed on Friday, as analysts warned that a recession could be round the corner amid a looming energy crisis. Europe’s largest economy grew zero percent due to “difficult” global economic conditions, the federal statistics agency Destatis said. The continuing impact of the “Covid-19…