The German economy could recover in nine months, according to the ifo forecast
“After a 12.4 percent decline in GDP in the second quarter, the status quo could be restored by mid-next year. By then, production of goods and services could reach the level it should be without the coronavirus epidemic,” said Timo Wollmershaeuser, ifo forecast director. It all depends on how long companies will need to normalize their business, he added.
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