Recession in Germany, which began last year, will continue in the current year, predicts the head of macroeconomic research department of the Dutch banking group ING Carsten Brzeski. The country has not experienced a crisis of similar duration for 24 years, added the expert, whose opinion is reported by the agency "Prime" with reference to the Daily Mail.

In 2023, according to his assessment, the country was in a permanent crisis. During this period, its GDP fell by 0.3%, official statistics show. The German economy is weakened by many factors, including unstable energy prices, supply problems that began amid anti-Russian sanctions, rising consumer prices, and falling demand in China for German exports, Brzeski notes.

Recently, German Vice Chancellor Robert Habeck said that the country's competitiveness has declined after it stopped buying gas from Russia, "Prime" writes.