German Federal Employment Agency: Energy embargo on Russia will lead to high unemployment – ​​yqqlm

Summary

[German Federal Employment Agency: imposing an energy embargo on Russia will lead to high unemployment]On April 29, local time, Schiller, director of the German Federal Employment Agency, warned that the implementation of a comprehensive energy embargo on Russia would lead to high unemployment in Germany . Affected by the conflict between Russia and Ukraine, the German government on the 27th lowered its economic growth forecast for this year from 3.6% to 2.2%. (CCTV News Client)

On April 29, local time, Schiller, director of the German Federal Employment Agency, warned that a comprehensive energy embargo on Russia would lead to high unemployment in Germany.

Schiller said after talks with Mecklenburg-Vorpommern Economy Minister Meyer that the impact of the current embargo on Russian gas cannot be offset by measures on the labor market, which is Germany’s most important transition at the moment. energy. He also pointed out that before the start of the Russian-Ukrainian conflict, supply chain disruptions also had an impact on the labor market. For example, the auto industry reduced production due to a lack of raw materials. These effects can be controlled through short-term work and other regulatory measures and less economic subsidies. control, but these measures cannot cope with the lack of energy. The end result of a total energy embargo on Russia is high unemployment in Germany.

Affected by the conflict between Russia and Ukraine, the German government on the 27th lowered its economic growth forecast for this year from 3.6% to 2.2%.

(Article source: CCTV News Client)

Article source: CCTV News Client

Responsible editor: 83

German Federal Employment Agency: Energy embargo on Russia will lead to high unemployment