Economics
German Government Advisers Warn of Worst Recession Since 2009
- Forecasts for 2020 range from 2.8% to 5.4% GDP contraction
- Report argues traditional stimulus not very promising
March 27: Europe Faces Disastrous Recession Without Coordination: Economist Mann
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The German government’s economic advisers predict that the coronavirus pandemic will give the nation its worst recession since the global financial crisis.