Study: Low growth could boost German shadow economy, clandestine work

NAMPA / DPA

2025-01-16

Frankfurt (dpa) - Weak economic growth and rising unemployment in Germany could boost the shadow economy, a study argued on Thursday, with more workers set to receive clandestine employment. The study from the Institute for Applied Economic Research (IAW) suggested that the volume of services provided by undeclared work could increase by 6.1% to some ?511 billion ($525 billion) in 2025. Adjusted for inflation, the figure represents a 3.8% rise i......

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