Germany’s economy is heading for a prolonged economic slump lasting into next year, according to the central bank. The Frankfurt-based Bundesbank said in its monthly report on Monday that “economic developments in Germany will be affected in the third quarter and beyond by unfavourable developments in the gas market.” “Therefore, the economists believe that the probability of GDP declining in the approaching fourth quarter of 2022 and the first quarter of 2023 has increased considerably.” The Bundesbank’s economists said that they expected the downturn to begin in the current quarter. Economic…