Germany's Economy Expected To Shrink
The German Ministry of Economy stated that they anticipate that the economy will shrink 6.3 percent this year due to the effects of the coronavirus on the country.
With the epidemic, all countries announced new packages for economic
measures. We can say that the virus got its share from the virus, like all European countries. Germany expects companies and households to push to the worst recession since the country began to recover after
World War II, with a sharp decline in confidence in Europe.
5.2 percent growth is projected next year, with the lowest level of the worst recession since
1950 in the second quarter, followed by a gradual recovery.
Economy Minister Peter Altmaier said the government would limit the damage to the "unprecedented" package of measures of over
$ 1.1 trillion to minimize the effects of restrictions applied to prevent the spread of the virus.