Looks like the whole of the E.U also has economic problems
EU says eurozone set to fall into recession this winter
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The European Commission is predicting the eurozone will slide into recession in the winter, as inflation continues to rise , according to the latest economic forecast released on Friday.
The forecast projected that high energy bills currently eroding consumer purchasing power will prolong inflation, which is expected to spike to 8.5% this year, then fall to 6.1% next year.
Growth forecast for 2023 was meanwhile lowered to 0.3%, down from July's projection of 1.4%.
Germany is likely to be next year's worst performer , with the country's economic output predicted to shrink by 0.6% over the next year.
https://www.dw.com/en/eu-says-eurozone-set-to-fall-into-recession-this-winter/a-63723563