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Germany's Economy Expected To Shrink

With the Shrinkage in the German Economy, BekSalgın, 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's Economy Expected To Shrink
Yazar: Zack Smith

Yayınlanma: 29 Nisan 2020 17:09

Güncellenme: 3 Kasım 2024 10:25

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.    
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