Skyrocketing energy prices sent real wages plummeting in 2022 more than in any year since 1950, new research has shown. Living standards in Germany saw the biggest downturn since World War II in 2022, according to the latest report released by the Forum for a New Economy on Monday. The decline is attributed to the energy shocks that sent prices for consumers soaring. Economists from the Berlin-based think-tank highlighted that the decline in Germany’s economic output recorded in 2022 is comparable to the financial crisis of 2008 and the short-lived decline during the Covid-19 pandemic in 2020. The failure to prote
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