The war in Ukraine has cost Germany more than 200 billion euros so far

According to the report of the international group Tasnim news agency, citing the weekly “Spiegel”, war between Russia’s war against Ukraine has had serious effects on the German economy. Economic experts estimate this damage to be at least more than 200 billion euros.

Thus, according to economic researchers, the war in Ukraine has cost Germany more than 200 billion euros so far. Marcel Fratzscher, head of the German Economic Research Institute (DIW) told the Rheinische Post about this: The economic costs for Germany after two years of war in Ukraine will probably be significantly more than 200 billion euros.

Reinische Post also cited a current study by the German Economic Institute, according to which the war in Ukraine has cost Germany about 240 billion euros so far. has cost “While defaulted debts are around €100 billion in 2022, they rise again to €140 billion in 2023,” the study says. However, the consequences of the corona pandemic will still have an impact in 2022 and 2023, which means that a precise definition of the effects of the Ukraine war cannot be calculated.

According to Fratzscher “, head of DIW, the costs of Ukraine’s war will hit low-income people particularly hard, as inflation will affect them “two to three times more” than high-income people.

The research, while It has been done that Saturday is the second anniversary of Russia’s attack on Ukraine.

Germany’s economy has been severely affected during the war in Ukraine. The Bloomberg news network recently warned in a report citing German experts that the country’s economy may not have seen growth at the beginning of 2024 after the contraction in the last quarter of last year.

Analysts who participated in the Bloomberg survey. , predict that Germany’s GDP will stagnate in the first three months of this year.

A third of respondents are even more pessimistic about the German economy and predict a contraction for it. .

The German central bank (Bundesbank) announced last month that the state of the economy is worse than expected and its return to previous conditions will probably be delayed.

This regulator Germany’s bank warned that output may “stagnate at best” in the first quarter of this year.

According to official data released last month, Germany’s economy will shrink in 2023 compared to the previous year. It shrank by 0.3 percent.

Germany was the only G7 economy to shrink last year as it grappled with the fallout from the energy crisis. Economists from various institutions, including the country’s two largest lenders, Deutsche Bank and Commerzbank, predict another contraction in 2024.

According to research by German economists, energy prices, inflation and trade conflicts caused by the war in Ukraine for Germany is very expensive.

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