Ukraine conflict to cost Germany 4.5% of GDP – DW

The ongoing conflict

The collective loss to the country’s economy between 2020 and 2023 is estimated at almost $600 billion.

The ongoing conflict in Ukraine will cost Europe’s largest economy €175 billion ($190 billion) this year, which equates to €2,000 per inhabitant, Deutsche Welle reported on Monday, citing a report by the Institute of German Economics (IW).

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