German recession inevitable but public finances solid - Bundesbank

FRANKFURT (Reuters) - A deep recession in Germany, the euro zone's biggest economy is now inevitable given the coronavirus crisis but public finances are well positioned to cope, the Bundesbank said in a monthly report on Monday.Germany was already skirting a recession before the current crisis but now the domestic economy, which has propped up growth amid a global trade war, it taking a massive hit, the central bank said."The slide into a pronounced recession cannot be prevented," the..