Germany warns of world economic ‘catastrophe’; OECD cuts UK growth forecast

TL;DR

Germany Is Drafting Plan to Hit US Companies in Next Trump Clash Germany to Consider Additional Fuel Measures, Minister Says Germany Sees Danger of 2026 Growth Rate Halving on Iran Crisis European powers and bodies warn of economic collapse as the war on Iran nears one-month mark. Fears of economic strain are growing across Europe as the United States-Israel war on Iran nears the one-month mark. On Thursday, German Defence Minister Boris Pistorius described the conflict as an economic “catastrophe”, while the United Kingdom’s economic growth prospects this year received a sharp downgrade.