Coronavirus impact: Recession in Germany unavoidable, say economic advisors


The coronavirus outbreak has made a recession in Europe's largest economy inevitable in the first half of this year, Germany's council of economic advisers said on Monday, predicting that output could shrink by up to 5.4% this year. Germany is in virtual lockdown, with more than 57,000 infected and 455 dead.

Parliament last week suspended the country's constitutionally enshrined debt brake, approving a massive stimulus package worth more than 750 billion euros ($831.60 billion) to help weather the economic fallout. The.

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