The Federal Ministry of Economy and Climate Protection of Germany released the autumn economic forecast report on the 12th. It is estimated that the German economy will grow by 1.4% this year and shrink by 0.4% next year, which is significantly lower than the growth of 2.2% and 2.5% in this year and the next two years in the spring economic forecast report. According to the report, the main reason for the reduction is that the conflict between Russia and Ukraine and the lack of natural gas supply in Russia have led to high energy prices, driving up inflation, dragging down industrial production, and it is expected that private consumption will also be affected. The report also predicts that the inflation rate in Germany will be 8% and 7% respectively this year and next. Robert Habak, the Federal Minister of Economy and Climate Protection of Germany, said at the press conference that Germany is experiencing a serious energy crisis, which is increasingly turning into an economic and social crisis. This is a "tough time" for Germany, which is illustrated by the data of the autumn economic forecast report. The authoritative German economic research institute previously released the autumn joint economic forecast report. It is expected that the German economy will grow by 1.4% this year and shrink by 0.4% next year, which is significantly lower than the 2.7% and 3.1% growth of this year and the next two years in the joint economic forecast report in this spring. (Liu Xinshe)