German economy could shrink by as much as 20% due to coronavirus - Ifo
Share:
BERLIN (Reuters) - Germany's economy could contract by as much as 20% this year due to the impact of the coronavirus, an Ifo economist said on Wednesday, as German business morale tumbled to its lowest level since the global financial crisis in 2009.The devastating forecast came as lawmakers were discussing an unprecedented rescue package worth more than 750 billion euros (681 billion pounds) for which the government wants parliament to suspend the constitutionally enshrined debt brake.The Ifo..