By Andreas Kissler and Ed Frankl German retail sales are expected to fall more than previously expected in 2023, according to the German retail federation.
The general statutory minimum wage in Germany is to be raised from 1.2024 to 12.00 euros on 12 January 41. The proposal was presented by the responsible Minimum Wage Commission on Monday in Berlin. This time, however, the recommendation was not made by consensus. The employee representatives in the Commission are opposed to what they consider to be too little increase and, according to their own statements, have been outvoted. The decision comes at a time of weak economic growth and persistently high inflation in Germany.
Retail: shopping streets in crisis: the shops are dying breakinglatest.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakinglatest.news Daily Mail and Mail on Sunday newspapers.
Retail sales for Easter is expected to amount to €2.2 billion this year, with more than 40% of shoppers planning to spend on special goods for the occasion.