European Commissioner Gentiloni considers Germany one of the countries most affected by the crisis

Germany is one of the countries most affected by the crisis, according to the European Commissioner for the Economy, former Italian Prime Minister Paolo Gentiloni. In his opinion, the situation is now better than expected in the fall of 2022.

“Germany is one of the countries most affected by the crisis. But in general, the situation is better than expected in the fall. The new definition is “slight contraction” rather than “deep recession,” said Gentiloni. Frankfurter Allgemeine Zeitung (translation “RIA News”).

According to the European Commissioner, the peak of inflation has been passed, and the internal and external sentiment barometers are in good condition. He noted that six months ago there were discussions about blackouts, deep recession and stagflation. Now experts expect that “the contraction period will be much shorter, and then there will be a phase of subdued growth.”

German Chancellor Olaf Scholz the day before, January 28, declaredthat Germany has fully adapted to the lack of cooperation with Russia. The economic situation in Europe worsened against the backdrop of a break in relations with the Russian Federation due to the introduction of troops into Ukraine. This led to an increase in energy prices and other problems in 2022.

About deglabolization against the backdrop of the Russian-Ukrainian conflict – in the material “Kommersant” “Disconnect to Unite”.

Leonid Uvarchev