Virus To Shrink German 2020 GDP By 2.8-5.4%: Top Economists

Measures to contain the coronavirus outbreak will slash German 2020 economic output by 2.8 to 5.4 percent before a rebound next year, a panel of economists who advise the government said Monday

Berlin, (UrduPoint / Pakistan Point News - 30th Mar, 2020 ) :Measures to contain the coronavirus outbreak will slash German 2020 economic output by 2.8 to 5.4 percent before a rebound next year, a panel of economists who advise the government said Monday.

"The German economy will shrink significantly in 2020," the so-called "Wise Men" expert panel said, with the exact size of the impact "depending on the extent and duration of the health policy measures and the subsequent recovery".