Germany entering recovery stage in COVID-19 downturn, analysts say

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The outlook, however, came with a warning based on assumptions about the further course of the epidemic and the political responses to it.

The German economy is set to return to growth in the remaining half of 2020 after thecrisis dragged Europe’s biggest economy into recession, the ifo research institute said on Wednesday.

Meanwhile, it forecasts growth of 6.9 per cent and 3.8 per cent in the third and fourth quarters, respectively.

 

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