FRANKFURT– Germany fell into economic downturn in the very first quarter, shrinking at its second-fastest pace because reunification as the coronavirus pandemic bit into whatever from retailers to car exporters, but Europe’s powerhouse economy is nevertheless expected to fare better than its neighbors over the balance of 2020.
Germany’s gdp shrank by 8.6%in the very first quarter on an annualized basis. Since fourth-quarter figures were revised to reveal a little contraction, Friday’s data indicates that Germany is now in economic crisis.
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%%.
source https://jobsearchtips.net/germany-gets-in-economic-crisis-however-fares-much-better-than-neighbors/
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