German Economy Hit by Rising Energy Prices, Loss of Russian Gas Supplies

David Vives
By David Vives
October 5, 2023NTD UK News
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Germany is grappling with a severe economic downturn amid high energy costs. The loss of Moscow’s cheap natural gas dealt a decisive blow to the country’s energy-intensive industries, long the powerhouse of European manufacturing. Now, Germany is seeing many of its businesses relocate abroad. NTD’s David Vives has the details.

 

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