Germany is experiencing the worst period of its history due to the coronavirus epidemic. Industrial production in the country fell 17.9 percent in April.
Germany is experiencing the worst period of its history due to the coronavirus epidemic. Industrial production in the country fell 17.9 percent in April. The toughest decline occurred in the automotive industry, where Germany was the most successful in the competition. Automotive production contracted by 74.6 percent on a monthly basis in April.
April was the worst month in German history. Industrial production in the country shrank 17.9 percent in April. This contraction in production was the hardest decline since 1991, when statistics on the subject began to be kept in Germany. "April was the worst month in Germany's history," said Carsten Brzeski, chief economist of the international bank ING. "In two months, Covid-19 had a worse impact than the 2008-2009 global crisis."
Industrial production in Germany decreased by 8.9 percent in March.
Germany Among the Countries Most Affected by the Outbreak
Germany is among the countries least affected by the epidemic in Europe. 187 thousand 750 cases have been detected in Germany so far, 8,865 people have died. In contrast, the number of deaths from coronavirus in France reached 29,158.