The war in Ukraine has cost Germany more than 200 billion euros

The war in Ukraine has already cost Germany more than 200 billion euros.

President of the German Institute for Economic Research, Marcel Fratzscher, stated this to the Rheinische Post newspaper.

“Primarily, the high costs of electricity have led to a reduction in Germany’s growth rate by 2.5 percentage points or 100 billion euros in 2022 and a similar amount in 2023,” he said.

However, these are only “direct financial costs.” Further costs will arise from “the escalation of geopolitical and geo-economic conflicts, especially with China,” due to the war.

According to Fratzscher’s estimate, this will particularly affect export companies.