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Germany’s economy ministry cut its growth forecasts in half for 2026 and 2027 amid the Iran war.
“The economic recovery expected for this year will once again be slowed down by external geopolitical shocks,” German Economy Minister Katherina Reiche said in an April 22 post on Facebook presenting Germany’s spring forecast.
The government expects 0.5 percent growth for 2026, down from an earlier projection of 1 percent, and cut its 2027 growth outlook to 0.9 percent from 1.3 percent.
The Federal Ministry for Economic Affairs and Climate Action noted that the conflict in the Middle East, with the closure of the Strait of Hormuz, has “especially” led to shortages and a rise in the price of energy and other commodities, which also affect companies and private households in Germany….
“The economic recovery expected for this year will once again be slowed down by external geopolitical shocks,” German Economy Minister Katherina Reiche said in an April 22 post on Facebook presenting Germany’s spring forecast.
The government expects 0.5 percent growth for 2026, down from an earlier projection of 1 percent, and cut its 2027 growth outlook to 0.9 percent from 1.3 percent.
The Federal Ministry for Economic Affairs and Climate Action noted that the conflict in the Middle East, with the closure of the Strait of Hormuz, has “especially” led to shortages and a rise in the price of energy and other commodities, which also affect companies and private households in Germany….
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