The war in Ukraine, combined with sanctions against Russia, pose a threat to the German economy, German Chancellor Olaf Scholz said at a joint press conference with King Abdullah II of Jordan, CNN reported.

According to him, some countries are expressing concerns about food security due to lack of supplies from Russia and Ukraine.

A recession is becoming more and more likely, the ZEW Economic Research Institute warned on its website Tuesday.

The war in Ukraine and sanctions against Russia significantly worsen the economic prospects for Germany, the statement said.

The institute noted the biggest drop in economic expectations ever in Germany. ZEW began tracking German economic development in December 1991.