News Snapshot:
People walk with shopping bags in Berlin, on Nov. 16.LISI NIESNER/Reuters German companies expect only a mild recession next year despite headwinds from the energy crisis, raw material shortages and a tepid global economy, a survey of major associations published by Reuters on Tuesday showed. “The last quarter of 2022 and the start of 2023 are likely to be accompanied by a decline in economic activity,” said Siegfried Russwurm, president of the Federation of German Industries (BDI). “However, we expect only a slight slump.” There have been growing signs that the German economy could stave off the worst of an...
