The crises have paralyzed growth and resulted in a significant GDP shortfall, the German Economic Institute has said
Germany has lost more than $1 trillion in GDP output over the past six years as successive crises pushed the economy into prolonged stagnation, according to the German Economic Institute (IW).
A study released on Saturday cited the Covid-19 pandemic, the Ukraine conflict, and US tariff policies as the main drivers of the losses.
The IW compared Germany’s pre-crisis 2019 economic trajectory with hypothetical growth absent pandemics and geopolitical shocks against actual real GDP performance from 2020 to 2025.
The institute…
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