The Wall Street JournalThe Wall Street Journal

Energy crisis pushes German industry to the brink

By Tom Fairless

29 Sep 2022 · 5 min read

WSJ speaks to business owners and analysts to paint a picture of what's in store for Germany in the near future as the energy crisis worsens and recession looms.

Curated by informed

German businesses are growing concerned that without an energy price cap, a wave of insolvencies could wash over the country in coming weeks and disrupt the supply chains serving Germany’s largest industrial sectors.

Starved of the abundant Russian energy that long fired the nation’s industrial engine, German businesses have already been curtailing production and halting investments. Business and consumer confidence is tumbling, approaching the lows reached during the 2008 global financial crisis. Germany’s government is now drawing up plans to cap the price of electricity and gas, officials said this week, acting in case a similar proposal by the European Union isn’t enacted swiftly.

The news, curated.

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