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.
Related news
Measures taken regarding foot-and-mouth disease are effective
Hungarian disease control measures against the foot-and-mouth disease virus are…
Read more >Wholesale price growth in Germany slowed on a monthly basis, but accelerated on an annual basis in February
In Germany, wholesale price growth slowed down on a monthly…
Read more >The Nutriment Company buys German pet-food business BAF
Acquisitive pet-food group The Nutriment Company has acquired BAF Petfood…
Read more >Related news
Margin is very much not profit
The government announced that it would introduce a margin cap…
Read more >Margin freeze in Hungary: Who is affected and is government intervention really justified?
The Hungarian government will introduce a margin restriction on certain…
Read more >China’s retail sales skyrocket in the first two months of the year
China’s industrial output grew 5.9 percent year-on-year in the first…
Read more >