Covid, Ukraine and US Tariffs Cost Germany $1 Trn – Study

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The German Economic Institute has revealed the extent of the financial crisis the country is facing. Growth has been paralyzed, recession has become commonplace, and this has led to a significant GDP gap.

nin.rs

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"The current decade so far has been characterized by extraordinary shocks and a huge burden of economic adjustment."

berliner-sonntagsblatt.de

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The German economy has suffered a loss of approximately €940 billion in added value since 2020 as a result of the various crises. This was the finding of a study published on Sunday by the German Economic Institute (IW). According to the study, the coronavirus pandemic, the energy crisis resulting from the war in Ukraine, and Trump's trade policies have led to an economic loss of over €20,000 per employed person over the years. This corresponds …

epochtimes.de

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Several successive crises have inflicted historic damage on the German economy since 2020. According to calculations by the German Economic Institute (IW), the losses in overall economic output amount to almost €1 trillion. The analysis reveals a persistent stagnation that far surpasses previous crises.