Germany’s economy stagnates amid increasing worries about gas rationing

The EU’s economy grew slightly less than expected from April to the End of June amid soaring energy and food prices. In the second quarter, the bloc’s growth domestic product increased by zero-point-six percent compared to the first three months of the year, according to the latest official figures. The economies of the Netherlands, Romania and Sweden grew exceptionally strong while Germany’s stagnated. Europe’s largest economy is feeling the pain of reduced Russian gas flows. Fears that gas rationing could devastate the German economy are rising. The IMF has warned that Europe’s industrial powerhouse is exposed to the biggest economic risk to the war in Ukraine.