Kiel Institute’s research indicates that German economy would suffer a 1-2% GDP loss per year, compared to the current 0.1% GDP support, due to increased defence spending and refugees.
According to a new study by the Kiel Institute for the World Economy, Germany‘s economy would be “significantly more” affected if it stopped military aid for Ukraine than if it maintained current levels of support.
In terms of military aid, Germany is the second largest supporter of Ukraine after the US. Pro-Russian far left and far right parties have consistently opposed aid. Even the ruling coalition considered cutting back due to budget constraints.
According to a policy brief by Johannes Binder & Moritz Schularick, released in November 2024. Germany’s average annual support for Ukraine since Russia’s invasion began amounts to only 0.1% its GDP. Ending this support could result costs of up to 2% GDP annually.
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