German economy nears stagnation in first-quarter with coronavirus outbreak
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BERLIN (Reuters) - Germany's economy is nearing stagnation in the first quarter due to the coronavirus outbreak, the DIW economic institute said on Wednesday, adding that German industry would be particularly hit if the virus continued to spread worldwide.DIW said Germany's gross domestic product in the first quarter would grow by just 0.1% compared to the previous quarter. "So far, however, the corona effect has been unclear and cannot be quantified," DIW Economic Director Claus Michelsen said..