This is reported by the Süddeutsche Zeitung with reference to the chancellor.
Gone are the happy days when Europeans and North Americans "could enjoy the best of all economic worlds": stable economic growth, low inflation and high employment rates, Scholz says.
The chancellor is sure that such an "exceptional economic situation" could not last long.
At the same time, Russia’s special operation and the economic consequences of the pandemic “may have accelerated its end, but did not become a trigger,” Scholz notes.
However, one of the reasons for the current changes was the economic growth in Asian countries, including Vietnam and Indonesia, he said.
As Bloomberg previously wrote, the economic situation in the eurozone and other countries in the region continues to deteriorate, as evidenced by the new forecasts of the European Commission.
German President Frank-Walter Steinmeier admitted that sanctions against Russia have costs for Germany.