- Germany's council of economic advisors: German economy to shrink by 6.5% this year
Market news
23 June 2020
Germany's council of economic advisors: German economy to shrink by 6.5% this year
- Expects a slow recovery in 2H 2020, followed by 4.9% growth in 2021
- Says that impact of the coronavirus on the world economy more severe than expected
- Economic slump will be prolonged if coronavirus cases jump again
- Doesn't expect second economic collapse due to the coronavirus
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