Coronavirus pandemic makes the economy of German shrink by 6.5 percent

News24xx.com - As a result of the coronavirus pandemic, the economy of German will shrink by 6.5 percent this year. The government's council of economic advisers said that the slump will be prolonged if the number of new infections jumps again.

Council head of the economy of German Lars Feld said, "The coronavirus pandemic is expected to cause the largest slump of the German economy since the founding of the Federal Republic. But we expect the recovery to start in the summer."

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The council said it expects a slow recovery in the second half of the year, with gross domestic product (GDP) forecast to grow by 4.9 percent next year.

The council also said in a statement, that the government's stimulus measures were needed to support the recovery.