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The Independent UK
The Independent UK
National
David McHugh

Germany sees brighter outlook for Europe's largest economy

Copyright 2023 The Associated Press. All rights reserved

The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as Europe's largest economy manages its energy divorce from Russia and shells out support for consumers and businesses hit by higher energy costs.

The outlook improved to an 0.2% expansion from a 0.4% contraction expected in October, when Germany feared that this winter it would run out of natural gas used to power factories, generate electricity and heat homes. Warmer-than-usual weather helped, as did a scramble to line up additional supplies of liquefied natural gas, or LNG, that comes by ship instead of pipeline from Russia.

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