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Economics4h 36m ago

Germany's central bank on Friday cut its growth forecasts and raised its inflation expectations for this year and next as the war in Iran weighs on the economy.

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Germany

Who
Germany's central bank, Ed Frankl, Joachim Nagel
What
Germany's central bank on Friday cut its growth forecasts and raised its inflation expectations for this year and next as the war in Iran weighs on the economy.
When
Fri, 12 Jun 2026 09:33:27 GMT · 4h 36m ago
Where
Germany ·
Why
The war in Iran is weighing on the economy, causing a supply shock and a rise in energy costs due to the closure of the Strait of Hormuz.
The Frontline Impact

How this affects you

The Bundesbank anticipates slower economic growth and higher inflation for Germany this year and next, potentially leading to reduced household purchasing power and challenges for businesses.

Story chain

4 events in this thread
  1. Currently Reading4h 36m ago
    Germany's central bank on Friday cut its growth forecasts and raised its inflation expectations for this year and next as the war in Iran weighs on the economy.
  2. Economics6h 33m ago
    The European Central Bank (ECB) is prepared to raise interest rates for a second straight meeting next month if the shock from the war in the Middle East requires it.
    Open article
  3. Economics9h 7m ago
    The European Central Bank will keep all options open for its July policy meeting and will be ready to act again if necessary to stop an Iran-war-induced energy price surge from spreading, Bundesbank President Joachim Nagel said.
    Open article
  4. Economics9h 7m ago
    The European Central Bank will keep all options open for its July policy meeting and will be ready to act again if necessary to stop an Iran-war-induced energy price surge from spreading.
    Open article

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