Ifo: German economy could shrank -1.5% this year in better case scenario

<p>Ifo institute said in its spring forecast that the global economy is &#8220;collapsing&#8221; as a result of coronavirus pandemic. Global GDP would grow only 0.1% this year, comparing with 2.6% last year. World trade would see a decline of -1.7%. There are also &#8220;considerable&#8221; downside risks in the forecast. German economy could shrink by -1.5% [&#8230;]</p>
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