Gas Crisis Wipes $100 Billion off German Economy

The ongoing gas crisis has resulted in the German economy losing over $100 billion, a report from a major economics institute has claimed.

A paper published by the Ifo Institute for Economic Research, one of Germany’s largest financial think tanks, has claimed that the country has ultimately lost over $100 billion as a result of the ongoing energy crisis.

Coming about as a result of Germany becoming overreliant on Russian gas while pushing its green agenda, many within the general public are now experiencing serious financial hardship, even cutting down on Christmas celebrations just to scrape by.

According to the research published by the Ifo Institute on Tuesday, this year’s losses as a result of the gas crisis will amount to just under 2 per cent of the total economic output of Germany, or around €64 billion (~$64 billion). (Read more from “Gas Crisis Wipes $100 Billion off German Economy” HERE)

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