Scholz sees Germany riding out war in Ukraine without recession

Scholz sees Germany riding out war in Ukraine without recession
German chancellor, Olaf Scholz. (Image: Bloomberg)
Bloomberg
By Michael Nienaber and Arne DelfsChancellor Olaf Scholz said he’s sure Germany will avoid a recession this year, offering reassurance for Europe’s largest economy as it faces down Russia’s energy squeeze.Germany is getting through the winter energy crunch in better shape than feared just a few weeks ago, and Scholz said that diversifying gas supplies has been critical in helping to keep the economy going.“I’m absolutely convinced that this will not happen – Germany going into a recession,” Scholz...

More Bloomberg

China floods the world with AI models after DeepSeek’s success
Technology

China floods the world with AI models after DeepSeek’s success

Long-dormant Chinese tech sector now fired up, and Western rivals may pay the price.

Bloomberg 29 Mar 2025
Thailand plans to cut tourists’ visa-free stays to 30 days
Travel

Thailand plans to cut tourists’ visa-free stays to 30 days

Govt cracking down on travellers exploiting the waiver to engage in illegal businesses.

Bloomberg 23 Mar 2025
Fears for 1,000 wind projects as German election nears
Energy

Fears for 1,000 wind projects as German election nears

Expansion of energy source is at risk of a drastic slowdown, industry group says.

Bloomberg 01 Feb 2025
UK burying Thatcher’s privatisation legacy
Policy Opinion

UK burying Thatcher’s privatisation legacy

Experience with privatised public services has soured.

Bloomberg 04 Jan 2025