German households purchasing power continues to drop despite record wage growth--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
International, MNA | Despite a significant increase in wages, German households experienced a marked decline in purchasing power during the first quarter of 2023
FRANKFURT, Germany, June 1 (Xinhua) Despite a significant increase in wages, German households experienced a marked decline in purchasing power during the first quarter of 2023. However, economists still expect real wages to fall in 2023.