Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/262873 
Title (translated): 
Without Russian gas, a sharp recession looms in Germany
Year of Publication: 
2022
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 102 [Issue:] 5 [Publisher:] Springer [Place:] Heidelberg [Year:] 2022 [Pages:] 347-353
Publisher: 
Springer, Heidelberg
Abstract: 
Die deutsche Wirtschaft steuert durch schwieriges Fahrwasser. Die Auftriebskräfte durch den Wegfall der Pandemiebeschränkungen, die Nachwehen der Coronakrise und die Schockwellen durch den Krieg in der Ukraine sorgen für gegenläufige konjunkturelle Strömungen. Allen Einflüssen gemeinsam ist ihre preistreibende Wirkung.
Abstract (Translated): 
The German economy is steering through difficult waters. Tail winds from fading pandemic restrictions, supply-side bottlenecks in the aftermath of the coronavirus crisis, and shock waves caused by the war in Ukraine are dragging the economy in opposing directions. The common factor is the price-driving effect. Abruptly stopping gas deliveries from Russia to the European Union would drive the German economy into a deep recession. In this case, the accumulated loss of overall economic output would amount to 220 billion euro by the end of 2023.
JEL: 
E27
E32
E37
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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