German panel of economic advisors sees economy contracting 0.2% in 2023 | Forexlive

German inflation to hit 8.0% in 2022 and 7.4% in 2023
Energy-relief measures are welcome but would have been better if they had been prepared earlier
Sees economy growing 1.7% this year and contracting 0.2% in 2023
Energy price developments pose problems for competitiveness of German industry
State could provide targeted support in encouraging companies to diversify supply sources
Top income tax should be raised or an energy solidarity tax imposed on high earners
Relief should only be offered to households that cannot cope with high energy prices

I’m not sure how influential this panel is in German politics but at some point the bill will need to be paid.