The energy crisis and the conflict in Ukraine are expected to take a toll on the country’s GDP The German economy is expected to lose more than €260 billion ($265 billion) in added value by 2030 due to the conflict in Ukraine and high energy prices, Reuters reported on Tuesday, citing a study by the Institute for Employment Research (IAB). According to the study, Germany's gross domestic product (GDP) is set to be 1.7% lower in 2023, while the country will have about 240,000 fewer jobs. The employment level is forecast to stay at this level until 2026, when the after-effects of the current crises are expected to e
Hence then, the article about german economy forecast to shrink was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( German economy forecast to shrink )