Gloomy economic outlook

The war in Iran is shaking the global economy. Prices for crude oil and gas are skyrocketing, which is hitting consumers in Australia, Germany and actually everywhere hard. The stock market is also failing and, above all, hopes of economic growth are being destroyed. High prices are also driving inflation up. Financial expert Dr. Klaus Wiegel has little hope of an improvement soon.

The new Middle East war is ruining the world economy Source: AP / Leo Correa/AP

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