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07/05/2026 18:38 (UTC)

GERMANY FINANCE

Germany cuts growth forecast in half due to the war, but expects higher tax revenue

Berlin, May 7 (EFE).- Germany has halved its economic growth forecast for this year as a result of the war in Iran, but expects to increase its tax revenue by 0.9% compared to 2025, reaching 998.7 billion euros.

German Finance Minister Lars Klingbeil detailed this on Thursday, explaining that the projected 0.9% increase does not mean that revenue will not be affected by the economic effects of the conflict.

CAMERA: CLEMENS BILAN.

FOOTAGE: STILLS FROM THE PRESS CONFERENCE OF GERMAN FINANCE MINISTER LARS KLINGBEIL IN BERLIN, GERMANY.

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