German economy will shrink, but by less than many expected - Economy Minister
[1/2] German Economy and Climate Minister Robert Habeck speaks at a news conference about the autumn economic outlook in Berlin, Germany October 12, 2022. REUTERS/Annegret Hilse
BERLIN, Oct 12 (Reuters) - Germany's economy will fall into recession, shrinking 0.4% in 2023 compared to the 2.5% growth previously forecast, thanks to an economic war Russia's President Vladimir Putin was waging, German Economy Minister Robert Habeck said on Wednesday.
Unveiling the government's latest economic forecasts, Habeck told a news conference that the contraction, though serious, was less than many experts had expected would be the result of a cut to Russian gas supplies, thanks to the measures Berlin had taken to protect the economy.
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