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Euro-Area Economic Downturn Deepens as Inflation Curbs Demand

Shoppers pass a 'sale' sign outside a KaDeWe luxury department store in Berlin, Germany, on Tuesday, Aug. 9. 2022. German Finance Minister Christian Lindner said he will look at ways of exempting the country's looming gas levy from sales tax in an effort to at least partially ease the burden on consumers from soaring energy costs. Photographer: Krisztian Bocsi/Bloomberg
Shoppers pass a 'sale' sign outside a KaDeWe luxury department store in Berlin, Germany, on Tuesday, Aug. 9. 2022. German Finance Minister Christian Lindner said he will look at ways of exempting the country's looming gas levy from sales tax in an effort to at least partially ease the burden on consumers from soaring energy costs. Photographer: Krisztian Bocsi/Bloomberg

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