Transport, gas, groceries: the inflation caused by the energy crisis led to a substantial loss of purchasing power in many places.
(Photo: AP, Bloomberg, dpa)
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 is the crisis in Germany so far?
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War and crisis: failed growth of 169 billion euros
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