Deutsche Bank expects German economy to contract 4%-5% in 2020

LONDON (Reuters) - Deutsche Bank slashed its forecast for Germany's economy on the coronavirus fallout, saying it now expected the euro zone's largest economy to contract between 4-5% in 2020 while industrial production could shrink by 10%. "Within days lockdown measures and (temporary) factory closures have reached a level that suggests a far bigger H1 contraction than previously thought," Deutsche's chief economist Stefan Schneider said, adding he had previously expected German economic growth..