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Military escalation in the Middle East threatens Germany with economic losses of $46 billion

March 5, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
Military escalation in the Middle East threatens Germany with economic losses of $46 billion

The German Economic Institute 'IW' stated today, Thursday, that Germany's economy could incur losses of up to 40 billion euros over the next two years due to rising oil prices as a result of the escalating war in the Middle East. The institute noted that the rise in Brent crude prices to $100 per barrel could cost Germany about 0.3% of its GDP in 2026...

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