Massive losses due to the war in Ukraine: The German economy is missing 200 billion euros. Germany was dependent on Russian gas for a long time.
Energy prices exploded due to supply bottlenecks and sanctions. The total costs for the German economy are likely to be significantly higher. If companies around the world invest less in new machines, German economy will suffer particularly badly. A weak global economy has an even greater impact on the Federal Republic of Germany. The IW urged caution: the effects of the various crises cannot be completely delineated.