A steel worker of ThyssenKrupp stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, Germany, on Nov. 14, 2022. Wolfgang Rattay/Reuters
Germany’s economy ministry cut its growth forecasts in half for 2026 and 2027 amid the Iran war.
“The economic recovery expected for this year will once again be slowed down by external geopolitical shocks,” German Economy Minister Katherina Reiche said in an April 22 post on Facebook presenting Germany’s spring forecast.
