German economy to take hit from Iran war during Q2, ministry says
German economy to take hit from Iran war during Q2, ministry says
By Ludwig BurgerFri, May 15, 2026 at 6:36 AM UTC
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The skyline with the banking district is seen during sunset in Frankfurt, Germany, February 27, 2024. REUTERS/Kai Pfaffenbach
By Ludwig Burger
FRANKFURT, May 15 (Reuters) - Economic growth in Germany, which was just 0.3% in the first quarter, will likely take a significant hit from the effects of the Iran war in the second quarter, the federal economy ministry warned on Friday.
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"Rising prices, supply chain issues and uncertainty are weighing on sentiment among businesses and households," the ministry said in its monthly report.
(Reporting by Ludwig Burger, Editing by Linda Pasquini)
Source: “AOL Money”
