Germany's economy is "bogged down in recession," according to experts. The country's government notes that the economy has stopped growing and has lost competitiveness.
The current situation is largely caused by the consequences of anti-Russian sanctions, analysts say. Rising energy prices have led to higher prices for a number of goods and services for both businesses and ordinary citizens, Vladimir Olenchenko, senior researcher at IMEMO RAS, said. On February 2, German authorities approved the German budget for 2024 in the amount of about €477 billion.