A recent study conducted by the German Economic Institute (IW) highlights that Germany has experienced a staggering loss of over $1 trillion in GDP output over the past six years. This economic decline is attributed to a combination of crises, namely the Covid-19 pandemic, geopolitical tensions sparked by the Ukraine conflict, and the impact of US tariff policies. By comparing the country’s economic performance before the crises in 2019 to a hypothetical scenario without these events, the IW has quantified the losses, which amount to approximately €940 billion ($1.1 trillion).