Ifo: German economy to contract -6.6% this year

<p>Ifo head of economic forecasts Timo Wollmershäuser said Germany’s GDP should have dropped by -1.9% in Q1 and would contract -12.2% in Q2. Overall, the economy is likely to shrink by -6.6% in this calendar adjusted year, or -6.2% when the large number of working days are taking into account. Wollmershäuser adds: “We will only […]</p>
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