Germany would plunge into a deep recession if its supply of Russian natural gas was suddenly shut off, the country's top forecasters warned on Wednesday. The country would lose 220 billion euros ($238 billion) in economic output over the next two years in the event of such a shock, according to a report by five German economic institutes. German GDP would rise by just 1.9% in 2022, and contract by 2.2% in 2023. Growth would be 2.7% this year if the gas keeps flowing. Cutting Russian gas would push Europe's largest economy into a "sharp recession," said Stefan Kooths, research director at the Kiel Institute for the ... (full story)