‘Germany faces deep recession if Russian gas supplies are cut’

BERLIN: A halt to Russian gas supplies to Germany would trigger a deep recession and cost half a million jobs, a senior economist said in an interview published on Tuesday, as Europe’s biggest economy tries to cut Russian energy imports.
Achim Truger, a member of Germany’s Council of Economic Experts, said German industry a could suffer serious damage in the long term if Russian President Vladimir Putin decides to cut gas exports to Germany.
“By most calculations, an end to gas supplies from Russia would trigger a deep recession. Half a million jobs could be lost,” daily newspaper Rheinische Post quoted Truger as saying.