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Your email address will not be published.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

Dense fog affects flight operations in Lahore

Flight operations at Lahore’s Allama Iqbal International Airport have been affected by…

Chinese Foreign Minister plans Europe visit

China announced that its Foreign Minister Qin Gang would visit Germany, France,…

Israeli soldiers kill Palestinian in occupied West Bank

Israeli forces shot and killed a Palestinian man near Hebron in the…

Israel kills and wounds dozens of displaced Palestinians in Gaza tent camps

Israeli military has targeted tent camps for displaced Palestinians outside Gaza’s southern…