A recession is becoming more and more likely - ZEW

• Expects stagflation in the coming months
• Collapsing economic expectations are accompanied by extreme rise in inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term expectations
• Impact is seen across all sectors of the German economy
• Even more so in energy-intensive sectors and the financial sector

Well, I don't think there's much in here that we don't already know. The euro slumped as a result of the whole Russia-Ukraine ordeal in a drop from 1.14 to 1.08 against the dollar. The only comfort is that there aren't any real sanctions from Europe on Russian energy. At this point, consumption activity is already going to be hit really hard. So, just imagine the consequences.