- Bundesbank: Germany's economy to contract by nearly 10% in Q2 2020 - monthly report
Market news
22 June 2020
Bundesbank: Germany's economy to contract by nearly 10% in Q2 2020 - monthly report
- Bundesbank: Germany's economy to contract by nearly 10% in Q2 2020 - monthly report
- German government stimulus package should bolster economic recovery
- It should also help improve consumer, business sentiment
- But that is unlikely to see much effect in Q2
- Construction boom withstood the pandemic for the most part
- Inflation to be "markedly negative" from July until year-end
- Should turn positive again in 2021, with base effects boosting 2H 2021 readings
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