News > Economy

German economy forecast to shrink

1 month ago   |   By RT

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 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 .
According to the study, Germany's gross domestic product 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...
Read more ...

 


Search by Tags

   Economy      Industry  


Can LeBron James Play College Sports? NBA Superstar Floats Idea on Twitter

LeBron James was regarded as a top high school football player in Ohio before he declared for the NBA Draft in 2003. Read more ...

Saint Anselm slams Southern Connecticut State football at home

Saint Anselm slams Southern Connecticut State football at home

The Hawks won 21-24. Read more ...

High school football wins out of Merrimack Valley, Bishop Brady

High school football wins out of Merrimack Valley, Bishop Brady

Bishop Brady bested Mascoma Valley 55-6. Merrimack Valley beat John Stark 20-6. Read more ...

Canadian military to help clean up Fiona's devastation

Canadian military to help clean up Fiona's ruin Read more ...

Philadelphia police investigating series of Friday night carjackings

In each case, the victims describe two to four men who either acted like they needed help or blocked the driver in before showing a gun and stealing the vehicle. Read more ...

Russia's Lavrov vows ‘full protection' for any annexed territory

Ukraine says Lavrov's comments raise possibility of use of nuclear weapons, condemns them as 'totally unacceptable'. Read more ...

CIA reveals model used to plan strike against Al-Qaeda leader Zawahiri 

The CIA showed reporters a model of Ayman al-Zawahri's safe house in Kabul that was used to brief President Biden before the U.S. strike that killed the terrorist chief Read more ...

North Korea fires ballistic missile ahead of U.S. VP Harris visit

North Korea fired a ballistic missile towards the sea off its east coast on Sunday, ahead of planned military drills by South Korean and U.S. forces Read more ...

Levis' 4 TDs help No. 8 Kentucky hold off Northern Illinois

Levis' 4 TDs help No. 8 Kentucky hold off Northern Illinois

NIU (1-3) drove 75 yards on the opening possession for Hampton's 2-yard TD pass to Tristan Tewes, who also snagged a 3-yard score from Shemar Thornton six seconds before halftime. Read more ...

Breezy and mostly dry Sunday

Breezy and mostly dry Sunday

Meteorologist Daniel Johnson has the forecast for the rest of the weekend. Read more ...