GERMANY: Experts estimate that the shadow economy has risen to €463bn in 2023, equal to 10.7% of GDP.

Good Morning from #Germany, where the shadow economy is booming due to the negative incentives of the citizen's income, a kind of unconditional basic income (UBI).

Experts estimate that the shadow economy has risen to €463bn in 2023, equal to 10.7% of GDP.

According to the customs authorities, there is less business bypassing the state.

This is probably also due to a new approach by the authority - and this is raising doubts among economists. https://welt.de/wirtschaft/plus250108448/Boom-der-Schwarzarbeit-und-das-Buergergeld-spielt-eine-entscheidende-Rolle.html?cid=socialmedia.twitter.shared.web

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Holger Zschaepitz

@Schuldensuehner

Good Morning from #Germany, where the shadow economy is booming due to the negative incentives of the citizen's income, a kind of unconditional basic income (UBI). Experts estimate that the shadow economy has risen to €463bn in 2023, equal to 10.7% of GDP. According to the customs authorities, there is less business bypassing the state. This is probably also due to a new approach by the authority - and this is raising doubts among economists. https://welt.de/wirtschaft/plus250108448/Boom-der-Schwarzarbeit-und-das-Buergergeld-spielt-eine-entscheidende-Rolle.html?cid=socialmedia.twitter.shared.web…

1:52 AM · Feb 18, 2024

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