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26th Sep 2022

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Bundesbank: German recession increasingly likely

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Germany's Bundesbank warned in a report on Monday that a recession in the eurozone's largest economy is increasingly likely, and inflation will continue to soar, possibly peaking at over 10 percent this autumn, Reuters reports. Germany's heavy industry is highly exposed to Russian gas supplies, with the spike in costs meaning "declining economic output in the winter months has become much more likely," the central bank said.

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