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Euronews
Euronews
Quirino Mealha

Germany halves GDP forecast from 1% to 0.5% due to Iran war fallout

Iran Germany GDP Giancarlo Giorgetti European Union Economy

On Wednesday, German Economic Affairs and Energy Minister Katherina Reiche announced a sharp reduction in projected GDP, lowering the 2026 growth target to 0.5%.

This is a sharp reduction from the 1% growth rate initially predicted in January, signalling a period of prolonged stagnation for the Eurozone economic engine.

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