Berlin For Federal Finance Minister Christian Lindner (FDP), the grim economic consequences of the Ukraine war were clear early on: Shortly after the war began, he said there would be a “loss of prosperity”. And Economics Minister Robert Habeck (Greens) also spoke plainly: Germany is “literally becoming poorer”.
But how high are the costs of the crisis? Almost a year and various government aid packages later, at least initial estimates are possible.
Habeck named various factors for his prediction of the loss of prosperity: “We pay this price through higher energy prices, higher inflation and slower growth.” In addition, there are the largely debt-financed state aid programs – which cushion part of the loss of prosperity and are therefore not easy to can be added to the other costs which, on the other hand, will burden public budgets for decades.
The Handelsblatt has added up all the costs and aid: How expensive has the crisis been in Germany so far?
Top jobs of the day
Find the best jobs now and
be notified by email.
Missing growth: 169 billion euros
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue