German GCEE: 2020 GDP could shrink -4.5% in long U risk scenario

<p>In the report &#8220;The Economic Outlook in the Coronavirus Pandemic&#8221;, the German Council of Economic Experts (GCEE) presented three scenarios for the German economy in 2020 and 2021 due to coronavirus pandemic. In the &#8220;baseline scenario&#8221;, economic situation will &#8220;normalize over the summer&#8221;. GDP would contract by -2.8% in 2020. GDP growth would bounce back to [&#8230;]</p>
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