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World

Can Germany spend its way out of the corona crisis?

29 May 2020

9:49 PM

29 May 2020

9:49 PM

Coronavirus is grim news for all major economies and Germany is no exception. The country’s economic output decreased by 2.2 per cent during the first quarter of the year, the sharpest fall since the 2008 crash and the second biggest since German reunification in 1990. A double-digit dip in the second quarter, when the full impact of the lockdown restrictions introduced in March become more visible, seems likely.

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