Home / World Economy / World Economy News / German economy could shrink by 10% this year due to coronavirus – IW

German economy could shrink by 10% this year due to coronavirus – IW

The German economy could shrink by 10% this year due to coronavirus in a worst case scenario whereby the lockdown continues until the end of June, the German Economic Institute (IW) predicted on Thursday.

“The industrial sector would be hit harder with an 18% decline. In this case, the crisis could continue until the end of the year,” IW said.
Source: Reuters (Reporting by Michelle Martin; editing by Scot W. Stevenson)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping