War hits German economy: "We expect energy prices to double":
After years of permanent crisis, there are now signs of a slight economic upturn in Germany ...
n-tv.de/wirtschaft/Wir-erwarten-eine-Verdoppelung-der-Energiepreise-id30421555.html
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Iran War Sparks Energy Price Surge in GermanyOil prices may exceed $100 per barrel by autumn, pushing inflation to around 5%, impacting German industry and economy.
- The Iran conflict is expected to double energy costs and trigger a return of inflation in Germany.
- Despite government subsidies, German industry remains vulnerable to rising energy expenses.
- Supply chain disruptions via the Strait of Hormuz threaten production delays and higher costs.
- The European Central Bank faces a tough choice between curbing inflation and supporting economic growth.
We expect energy prices to double.— Carsten Brzeski, Chief Economist of ING, in an interview with NTV.DE about the impact of the Iran war on Germany's economy.
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organized and prolonged violent conflict between different nations, states, or different groups within a nation or state
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