Home Business Coronavirus pandemic to shrink German economy by record 9.8% in second quarter

Coronavirus pandemic to shrink German economy by record 9.8% in second quarter

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Germany’s economy, Europe’s largest, will probably shrink by 9.8% in the second quarter, its biggest decline since records began in 1970, due to measures imposed to slow the spread of the novel coronavirus, the country’s leading think tanks said on Wednesday.

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