According to a study by the Employment Research Institute (IAB), the German economy will lose more than €260 billion in value added by 2030 due to the war between Russia and Ukraine and high energy pricesas reported by Reuters on Tuesday.
Additional data
“Compared to the expectations of a Europe at peace, Germany’s gross domestic product GDP (adjusted for prices) will be 1.7% lower next year and there will be about 240,000 fewer people in employment.”
“It is expected that the level of employment remains around this level until 2026“.
“One of the big losers will be hostelry“.
“If energy priceswhich so far have shot up 160%, doubled againGermany’s economic output in 2023 it would be almost 4% lower than it would have been without the war.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
