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BDI fears recession due to Omikron

The German economy warns of the consequences the Omicron wave could have on China. In its “Global Growth Outlook” published on Monday, the Federation of German Industries (BDI) warns of severe consequences for domestic companies and a rapid rise in prices. “If the Omicron variant also spreads more quickly and easily in China, it could once again cause a bottleneck for global supply chains and fuel a recession in certain areas of the German economy,” the BDI report states.

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