[HIGHLIGHTS] The Ukraine war has cost Germany more than 200 billion euros so far

Russia's attack on Ukraine has left its mark on the German economy. Experts estimate the damage to be more than 200 billion euros, at least.

High energy costs have reduced growth in Germany by 2.5 percentage points. Further costs would arise from the “escalating geopolitical and geoeconomic conflicts, especially with China,” due to the war. These would hit export companies particularly hard, explained Marcel Fratzscher, the DIW boss. The costs of the Ukraine war hit people with low incomes particularly hard.