The collective loss to the country’s economy between 2020 and 2023 is estimated at almost $600 billion The ongoing conflict in Ukraine will cost Europe’s largest economy €175 billion ($190 billion) this year, which equates to €2,000 per inhabitant, Deutsche Welle reported on Monday, citing a report by the Institute of German Economics (IW). Authors of the study compared the current situation to an imaginary scenario in which there was no military operation in Ukraine or problems related to it, such as skyrocketing energy prices, spiraling inflation and supply disruptions. They calculated that the real loss to the
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