10,727.58 TRY BIST 100 BIST 100
36.60 USD USD USD
5.09 CNY CNY CNY
39.76 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
37.05 TRY Interest Interest
70.45 USD Fossil Oil Fossil Oil
33.88 USD Silver Silver
4.94 USD Copper Copper
104.46 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,518.13 TRY Gold (gr) Gold (gr)

Recession warning from Bundesbank

The Bundesbank reported that the German economy is at risk of recession due to the ongoing war in Ukraine and the ban on coal and oil imports from Russia.

Recession warning from Bundesbank

In its monthly report, the German Central Bank Bundesbank predicted that the ban on energy imports from Russia will trigger a sharp rise in prices and the deepest recession in decades will be seen.

In the statement, it was stated that the economic loss may be lower next year with the gradual compensation of energy deliveries from Russia, although the activity in 2024 may remain below the previous forecasts. In the statement, the statement "In the severe crisis scenario, real GDP will shrink by approximately 2 percent compared to 2021 in the current year."

According to the Bundesbank, the greatest damage will come from rising energy costs.

In a report last month, the Bundesbank stated that the Russia-Ukraine war slowed down the economic recovery in Germany and warned that inflation in the country would increase in the coming months.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Green light for Free Trade Agreement between Ukraine and Türkiye

Friday, March 14, 2025

Türkiye's current account deficit exceeded expectations in January

Wednesday, March 12, 2025

Construction cost index in Türkiye continued to increase in January

Tuesday, March 11, 2025

Turkish manufacturing exports continue to strengthen

Monday, March 10, 2025

Türkiye's Industrial production increased by 1.2% y/y in January

Monday, March 10, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now