This figure represents a 0.2 percentage point reduction from previous estimates. The OECD anticipates inflation rates in Germany to exceed earlier predictions, driven by disruptions in energy supply and soaring prices resulting from the conflict. The blockade of the Strait of Hormuz and damage to energy infrastructure have exacerbated these issues, raising concerns about the resilience of the global economy. While growth is expected to stabilize at 1.5% by 2027, the uncertainty surrounding the conflict’s duration and impact on energy prices poses significant risks to both corporate costs and consumer prices.