War Hit to German Economy Will Last Years: Economist

War Hit to German Economy Will Last Years: Economist
Marcel Fratzscher, chairman of the German Institute for Economic Research (DIW), speaks during an interview with Reuters in his office in Berlin, Germany, on March 7, 2016. Fabrizio Bensch/Reuters
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BERLIN—The economic impact on Germany of Ukraine’s war will last years, influential economist Marcel Fratzscher of the German Institute for Economic Research told Reuters, adding that it could cost 3 percentage points of growth this year.

Fratzscher, whose institute advises the government of Europe’s largest economy on macroeconomic policy, said the impact could last until 2025 when Germany expects to have freed itself from all exposure to Russian gas.