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43%  
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  • Energy crisis: Recession clouds gather in Germany, Europe's largest economy

    09/26/2022 10:34:24 AM PDT · by Its All Over Except ... · 24 replies
    Business Standard ^ | 9/26/22 | Staff
    Europe's largest economy is sending recession signals. Germany's key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses. ... High energy and commodity prices are weighing on demand and putting pressure on profit margins, said Carsten Brzeski, chief eurozone economist at ING bank. Companies can no longer pass through higher costs to consumers as easily as in the first months of the year. Company order books are shrinking, while businesses that use a...