Germany has a heavy reliance on Russian energy and having this heavy reliance could tip its economy into recession. There has been extreme concerns over Russia's invasion of Ukraine and what it will mean for europe's economies. The war has contributed to higher energy prices, it’s pushing up food prices too and there are additional expenses to deal with. “The high dependence on Russian energy supplies entails a considerable risk of lower economic output and even a recession with significantly higher inflation rates,” the German Council of Economic Experts, which advises the government in Berlin, said in a report Wednesday. "Germany’s Chancellor Olaf Scholz expressed a similar concern last week when addressing the country’s Parliament, saying that imposing an immediate ban on Russia energy imports “would mean plunging our country and the whole of Europe into a recession.”" In 2020, Germany imported almost 59% of its natural gas from Russia, according to data from Europe’s statistics office. They are urging businesses and households should reduce their energy consumption. “Germany should immediately do everything possible to take precautions against a suspension of Russian energy supplies and quickly end its dependence on Russian energy sources,” the German Council of Economic Experts also said on Wednesday."
Germany is an engineering powerhouse of Europe, if they need to import natural gases from overseas, even though it will cost more, I feel like they could still recover and not fall into recession.
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