No Hope of Recovery: Iran War Slows Down German Economy

Neue Zürcher Zeitung

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The upswing of energy prices slows down growth and burdens the German state budget. A new inflation and debt crisis could emerge from the oil price house – with far-reaching consequences for the monetary union.

Handelsblatt

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Inflation data today will show how much the Iran war costs the daily lives of Germans. This puts central bankers and politicians under pressure – and causes dubious decisions.

Al Bawaba

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The German central bank predicted that inflation rates in Germany would rise to around 3% in the near future, coinciding with a clear slowdown in economic activity, as a result of the repercussions of the American-Israeli war on Iran, the effects of which, in the worst-case scenario, could extend into the second half of the year...