German GCEE: 2020 GDP could shrink -4.5% in long U risk scenario
<p>In the report “The Economic Outlook in the Coronavirus Pandemic”, the German Council of Economic Experts (GCEE) presented three scenarios for the German economy in 2020 and 2021 due to coronavirus pandemic. In the “baseline scenario”, economic situation will “normalize over the summer”. GDP would contract by -2.8% in 2020. GDP growth would bounce back to […]</p>
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