Germany lost nearly a trillion euros – Economy | BelarusVC
Belarus Virtual Consult

Bridging the World to Belarus

Your trusted gateway to opportunities.

Germany lost nearly a trillion euros

According to the Cologne Institute for Economic Research

Germany lost nearly a trillion euros

According to the Cologne Institute for Economic Research, Germany's losses from recent crises amounted to nearly 1 trillion euros. Economists note that a quarter of this amount occurred last year, which was marked by trade conflicts with the Trump administration.

Context

Germany is the largest economy in Europe.

Summary:

The Cologne Institute for Economic Research estimated Germany's losses from recent years' crises at nearly 1 trillion euros; a quarter of this amount occurred last year, linked to trade conflicts with the US.