Germany GDP growth

Germany will lose over $265bn in added value by 2030 due to war, high energy prices

Germany's economy will lose more than 260 billion euros ($265 billion) in added value by 2030 due to the Ukraine war and high energy prices, spelling negative effects for the labour market, according to a study by the Institute for Employment Research (IAB).

August 9, 2022
August 9, 2022

Germany will lose over $265bn in added value by 2030 due to war, high energy prices

Germany's economy will lose more than 260 billion euros ($265 billion) in added value by 2030 due to the Ukraine war and high energy prices, spelling negative effects for the labour market, according to a study by the Institute for Employment Research (IAB).