Germany's Economic Losses Could Reach $85 Billion: Bloomberg

Half of Germany's largest companies have been forced to cut production due to the global economic crisis, which could lead to an annual loss of $85 billion for the German economy. This is reported by Bloomberg.

“High energy prices and a shortage of skilled workers are undoubtedly obstacles to the development of German industry,” economist Felix Hefner told the agency.

According to the agency, another issue facing the German economy is the lack of qualified personnel, which deprives major companies of staff.

Labor market expert Stefan Sauer has predicted that the situation of the German economy will only worsen in the future.

Earlier, Germany's Health Minister Karl Lauterbach did not rule out that some hospitals in the country might close due to inflation and the energy crisis.