Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Local Syriana sources: Three mortar shells were fired randomly towards the city of Sweida, and explosions were heard throughout most of the city.
Putin: I propose resuming direct negotiations with Kyiv without any preconditions.
Russian President Vladimir Putin: Russia has made numerous ceasefire initiatives, but the Ukrainian side has rejected them.
Al Mayadeen's correspondent in occupied Palestine: Martyrs and wounded in an Israeli drone strike on a tent for displaced people in Khan Younis, south of the Gaza Strip.
Local sources in Syria: The death toll in Zama, northwestern Syria, has risen to 7, including a child, according to a preliminary tally.
Local sources in Syria: Four civilians were killed and several others injured by gunfire from militants in the village of Zama in the Jableh countryside, northwestern Syria.
US President Donald Trump: I am pleased to announce that India and Pakistan have agreed to a full and immediate ceasefire.
Indian Kashmir police: Five people were killed in the Indian Jammu region in attacks launched by Pakistan this morning.
Pakistani media: Pakistani spy planes arrive in New Delhi.
United States of America: US State Department: Secretary Rubio offered America's assistance in initiating constructive talks aimed at avoiding future conflicts.

IMF sees tepid recovery in Germany

  • By Al Mayadeen English
  • Source: Agencies
  • 23 May 2022 21:19
3 Min Read

IMF records a tepid recovery in Germany after the economy was failing but does not leave out the risk of a cut in gas supply from Russia.

  • x
  • IMF sees tepid recovery in Germany.
    IMF sees a tepid recovery in Germany.

The International Monetary Fund predicted a "tepid rebound" in Germany on Monday, but warned of potential downside risks, including a potential gas supply cutoff from Russia since the country would require two years to locate alternative sources.

“The baseline scenario is for a tepid recovery, but risks are skewed downward,” the IMF said in a statement on its 2022 Article IV mission. "The greatest threat is a persistent and complete shut-off of Russia’s gas exports to Germany and Europe more broadly, as it would take at least two years to fully replace the missing supplies in Germany."

Other risks to Germany's economy include harsher sanctions against Russia, as well as supply disruptions caused by the Ukraine crisis or further COVID limitations in the country or overseas, according to the IMF.

Related News

US envoy to deliver 22-point Ukraine peace plan to Putin

EU delays trade retaliations ahead of NATO Summit amid Trump pressure

Decline in economic growth 

The IMF expects Germany's economic growth to decline to around 2% in 2022, down from 2.9% the previous year, before rebounding to just above 2% in 2023 if energy prices fall and supply chain difficulties resolve. "Growth would then decline toward potential after 2024," the IMF said.

“Inflation is expected to stay elevated at about 6½ percent in 2022 and moderate to about 3½ percent in 2023. However, growth could prove weaker and inflation higher than in the baseline,” the statement said.

The IMF anticipates that output will stay below pre-pandemic levels in the medium term due to higher energy prices, reduced external demand, and other factors directly or indirectly related to the crisis in Ukraine.

Read next: Spiegel: Russian oil ban to cause economic problems for east Germany

Moreover, Germany is willing to back the EU's embargo on Russian oil without Hungary's participation, but the proposal should come from the European Commission, according to German Economy Minister Robert Habeck today.

During an interview with the Deutschlandfunk Kultur radio, Habeck stated that "if head of the European Commission [Ursula von der Leyen] says, we will do it now as part of 26 [EU countries], without Hungary. This is the way I would go, but I have not heard about it from the EU yet. In this case, I would be ready to ... The European Commission has taken the lead in the negotiations." 

  • IMF
  • Germany
  • Russia
  • Energy crisis
  • Ukraine
  • Nato
  • Europe
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
Yemeni missile hits Ben Gurion Airport as interceptors fail

YAF targeted Ben Gurion with hypersonic ballistic missile: Saree

  • MENA
  • 4 May 2025
EU President must face war crimes charges: Albanese

EU President must face war crimes charges: Albanese

  • Europe
  • 4 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Palestinians inspect the damage caused by an Israeli airstrike that targeted displacement tents in Deir al-Balah, in the central Gaza Strip, Wednesday, May 7, 2025 (AP)
Politics

Liberated prisoner Yousri al-Masri martyred in Gaza airstrike

AP
Politics

US envoy to deliver 22-point Ukraine peace plan to Putin

AP
Politics

Pakistan denies violating ceasefire as tensions flare along border

AP
Politics

Israeli media blasts Netanyahu over US ties, war failures

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS