Image Credits: Institute for New Economic Thinking

Frankfurt am Main, Oct 14 (AFP/APP): Germany’s economy will shrink more than expected in 2020 and not regain strength until end-2021, leading research institutes said Wednesday, as a coronavirus resurgence weighs on the recovery.

German gross domestic product will contract by 5.4 percent, deeper than a previous prediction made in April of 4.2 percent, according to five think-tanks.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

‘Hypocritical spectacle’: Russia, China veto US bid for Gaza truce at UNSC

Russia and China have vetoed a US-led draft resolution at the Security…

Iran military adviser in Syria dies days after Israeli strike

An Iranian military official with the Islamic Revolutionary Guard Corps in Syria…

West Indies to visit Pakistan in June

The Pakistan Cricket Board (PCB) has confirmed the schedule for the West…