The German economy continues to contract, losing €15 billion ($16.6 billion) a week due to the recession caused by Covid-19, a new report has said. It warned that it will take at least eight years for the country to recover. Germany is expected to lose between five and 10 percent of its GDP by the end of 2020, the German branch of the US-based consulting firm McKinsey & Company wrote in its recent report. The economy contracted by 25 percent in April compared to the previous year, which amounts to losing roughly €15 billion ($16.6 billion) per week. The analysts at McKinsey warned that the German economy will return to its pre-pandemi
Hence then, the article about best case scenario german economy may need at least eight years to recover from covid 19 recession report says was published today ( ) and is available onRussia Today ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Best-case scenario: German economy may need at least EIGHT YEARS to recover from Covid-19 recession, report says )