Virus pushes Germany into recession
THE coronavirus pandemic has tipped Germany into a recession, official data showed today, with Europe’s top economy suffering its steepest quarterly contraction in more than a decade as lockdown measures began to bite.
The German economy shrank by 2.2% in the first quarter of 2020, federal statistics agency Destatis said, calling the quarter-on-quarter decline “the worst since the global financial crisis” in 2009. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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