The Russian-Ukrainian War has destroyed the German economy

The ongoing war between Russia and Ukraine has left Germany’s economy in tatters.

According to a foreign news agency, inflation in Germany reached its highest level in 70 years.

Inflation rate in Germany was 3.1% in 2021 and after the war in 2022, inflation in Germany was recorded to increase by 7.9%.

In 1951, annual inflation in Germany was recorded at 7.6 percent, with rising energy and food prices contributing to the rise in inflation.

Leave a Reply

Your email address will not be published. Required fields are marked *