Economics Minister Habeck considers a recession to be avoidable. Measures to avert, dampen or temporarily stop a recession are, for example, economic aid or the energy price brake.
Economics Minister Robert Habeck (Greens) considers a recession to be avoidable. “If the data is updated like this, we are running into a recession. But a recession is not a thunderstorm that is approaching us – and we can only decide, do we have an umbrella or do we run away,” said Habeck at the traditional employers’ day on Tuesday in Berlin. “Of course we can work against it and now seriously discuss it.”
Measures to avert, dampen or temporarily stop a recession are, for example, economic aid or the energy price brake. “It will be difficult and demanding, but a recession is not a law of nature,” said the minister.
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In view of the gas crisis resulting from the Ukraine war, record-breaking inflation rates and persistent supply bottlenecks, economists expect economic output to decline in the coming quarters. If the gross domestic product shrinks two quarters in a row, economists speak of a so-called technical recession. However, this is not comparable to an economic slump over the year as a whole.
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