- German economy to shrink slightly in Q4 - economist
Market news
18 December 2020
German economy to shrink slightly in Q4 - economist
Reuters reports that Ifo economist Klaus Wohlrabe said that the German economy will shrink by 0.4% in the last three months of 2020 before growing again early next year, as a lockdown to curb coronavirus infections has slowed recovery.
Wohlrabe said he expected the economy to grow by 0.6% in the first quarter, adding that industrial orders were looking good, driven by domestic customers.
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