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International Business Times

Business

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Germany Halves Economic Growth Forecasts For The Year As a Result Of The Iran War

Iran Economic Growth Germany Donald Trump United States the Strait of Hormuz

German Chancellor Friedrich Merz (Credit: AFP)

Germany halved its economic growth forecast for the year and the next one as a result of the war in Iran.

CNBC noted that the country also trimmed expectations for 2027, going from 1.3% to 0.9%.

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