EU's largest economy, Germany is likely to slip into recession

New Delhi, July 13: For many in Germany, a warm water bath could soon become a luxury. One of the country's main port cities, Hamburg, has already warned its citizens that it may have to resort to rationing hot water as the energy crisis intensified. The going for Germany, Europe's largest economy will get tougher as sanction-hit Russia has decided to weaponise energy. Not only will the citizens have to brace for a cold and dark winter after Moscow choked supplies, its industry-driven by manufacturing -- is also staring at uncertainty. Though just a month ago Germany's central bank Deutsche Bundesbank in its report drastically slashed GDP growth projections for this year to 1.9 per cent from the earlier estimated 4.2 per cent, many observers opine that actually the country could slip into a recession.
 
EU's largest economy, Germany is likely to slip into recessionBy Mahua Venkatesh