The Institute for Employment Research (IAB) reports that the German economy will lose 260 billion euros because of Ukraine.
“German GDP, adjusted for prices, will fall by 1.7% next year, and there will be 240,000 fewer people employed,” the IAB study said.
It is noted that such losses are expected for the German economy until 2030. The study suggests that this level of employment will continue until around 2026, when expansionary measures will gradually begin to outweigh the negative effects on the economy and lead to an increase in employment by about 60 thousand by 2030.
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