Economic Challenges in Germany Due to Energy and War
Ifo President Clemens Fuest says war in Iran halts recovery.
Energy prices raise inflation fears and lower morale among 9,000 companies.
Chemicals industry warns of output cuts due to energy costs and supply issues.
Economy Minister Katherina Reiche warns of fuel shortages by April/May.
Reiche estimates 34.5 billion euros in economic damage from energy prices.
Vice Chancellor Lars Klingbeil studies windfall tax on energy profits.
Reiche releases 12% of oil reserves.
Bundesbank President Joachim Nagel urges reforms to seize growth opportunities.
German President Frank-Walter Steinmeier criticizes US-Israel attack on Iran.
Institutes warn government's 1% growth forecast faces risks.
1 week ago