The German Ministry of Economics has halved this year's economic growth forecast.

Golden Ten Data reported on April 22 that after the United States launched a war against Iran, leading to a sharp rise in industrial and household energy prices, Germany has halved its economic growth forecast for this year. The German Ministry of Economic Affairs stated on Wednesday that Germany's economic output is expected to grow by 0.5% this year, compared to the previous forecast of 1% made in January. The ministry also lowered its economic growth forecast for next year, from 1.3% to 0.9%. The German Minister for Economic Affairs said, "This year's expected economic recovery has once again been hampered by external geopolitical shocks, as the war in Iran caused energy and commodity prices to soar. This has placed pressure on households and increased costs."