Germany halves 2026 growth outlook as Iran war drives up energy costs

NAMPA / DPA

2026-04-22

Berlin (dpa) - The German government has halved its forecast for economic growth in 2026 to 0.5% as a result of high energy prices due to the war in Iran. Economy Minister Katherina Reiche on Wednesday presented the new forecast, revising the previous 1% estimate from January, as hopes for a strong recovery for Europe's largest economy this year were dashed. "The economic recovery expected for this year is once again being held back by external......

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Economy

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