This is reported by the Financial Times.
“Supply chain challenges and geopolitical tensions are likely to continue.
In the meantime, Russia has sharply reduced gas supplies, and natural gas and electricity prices have risen more than expected, ”RIA Novosti quotes the economist.
The problem of high inflation will worry Germany in 2023, Nagel said.
In addition, as the energy crisis deepens, a recession is likely next winter, he said.
In early July, stock market expert and economist Jens Ehrhardt said that stopping Russian gas supplies to Germany would cost the country €1 trillion.
Russian President Vladimir Putin has pointed out that the collective West has led itself into a trap by failing to foresee trends that will help weaken its global dominance.