Inflation ‘eats up’ German savings – study
Aug 23rd 2022 7:48am EDT
Funds set aside during the Covid-19 lockdowns have now melted away due to rising prices, IFO researchers say Inflation has largely depleted the savings Germans managed to accumulate over the past two years, a report from Munich-based IFO Economic Institute published on Tuesday shows. According to the report, German “private households put aside a lot […]
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