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Iran war to hit German economy in Q2, ministry says

German economy may suffer in Q2 due to Iran war, according to the federal economy ministry. Bond.az reports.

Luna Torres
ByLuna Torres- Senior Editor
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German economic growth, which stood at just 0.3% in the first quarter, is likely to take a significant hit from the effects of the Iran war in the second quarter, the federal economy ministry warned on Friday.

"Rising prices, supply chain issues and uncertainty are weighing on sentiment among businesses and households," the ministry said in its monthly report.

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