If the supply of natural gas from Russia to Germany stops, Europe's largest German economy will suffer damage of about 30 trillion yen, and it is expected that it will fall into a serious recession.
This was announced at a joint press conference in Berlin on the 13th by five economic research institutes, including Germany's leading IFO Economic Research Institute.
According to it, if the supply of natural gas from Russia to Germany stops, the German economy will be damaged by 220 billion euros, or about 30 trillion yen in Japanese yen, in the next two years.
This is about 6.5% of Germany's GDP = gross domestic product, in which case the growth rate is expected to be only 1.9% and will drop to minus 2.2% next year.
"The war in Ukraine is dampening the recovery," said Coutos, deputy director of the Kiel Institute for Economic Research. "If gas from Russia stops, the German economy could fall into a serious recession next year. It has a high degree of sex. "
In Europe, there is growing opinion that sanctions on Russia should be further strengthened, and the focus of the debate is whether to ban the import of Russian natural gas, which has a large impact on the domestic economy.