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The conflict with Yemen’s Houthi rebels in the Red Sea is unlikely to lead to higher inflation in Germany, according to the German economic research institute RWI. RWI economic expert Torsten Schmidt told dpa on Friday that he did not expect the restrictions in the Suez Canal to have a noticeable impact on consumer prices. However, the uncertainty from the conflict is making it challenging for the German economy to recover from its earlier struggles this year. About 10% of all global trade passes through the Red Sea. The Suez Canal connects the Mediterranean with the Red Sea, making it the sho…

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