Financial TimesFinancial Times

Brussels warns of EU recession as German output slides

By Sam Fleming and Martin Arnold

11 Nov 2022 · 3 min read

Editor's Note

As anyone living in Europe knows, this is a grim time for the region's economy. And as the Financial Times reports, things are only going to get worse this winter.

A steep drop in German output will help drag the EU into recession this winter, as higher inflation and the Ukraine war take a heavy toll on the bloc’s economy, the European Commission has predicted. 

Output across the union will contract in the current quarter and the first three months of 2023, with Germany suffering one of the biggest falls in activity as surging energy costs curtail household spending power and force factories to curb production. 

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