Tue, 28 Apr 2020 09:14:52 GMT
German economy seen to contract by 6.6% this year
On Tuesday, Germany's economic institute Ifo stated the country's 2020 economy was likely to plunge by 6.6% year-on-year amid the coronavirus crisis, after falling by 1.9% in Q1, with forecasts of a 12.2% contraction in Q2.