This is evidenced by the results of a study by the German Institute for Employment Research (IAB).
It is expected that by the end of 2023, Germany's adjusted GDP will be 1.7% lower than predicted before the start of the Russian special operation, and there will be 240,000 more unemployed people.
Analysts predict a 4% decline in German production in 2023 due to rising energy prices.
As a result, 660,000 Germans may lose their jobs by 2026, and another 60,000 by 2030.
Earlier, the Daily Express newspaper wrote that Western sanctions against Russia would be "suicide" for the European Union.