Likelihood of German Recession 'Clearly' Increasing: Ifo's Fuest

The transcript discusses the increasing likelihood of a recession due to reduced gas supplies and rising energy prices. It highlights concerns in energy-intensive industries and the broader economy, with potential impacts on consumer spending and investment. The discussion includes economic forecasts, preparations for a possible recession in 2023, and the risk of a collapse in the energy sector. The transcript also addresses the uncertainty affecting investment decisions and the potential for gas rationing or auctioning systems.

What does the speaker suggest about the timing of a potential recession?

What risks does the speaker associate with the current uncertainty in the gas supply situation?