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Germany Expects Economy to Shrink More Than 5% on Virus Hit

  • Recession could be deeper than the 2008-2009 financial crisis
  • Germany plans stimulus to put crisis quickly behind it
The Muensterplatz with a monument Ludwig van Beethoven stands empty in Bonn on April 1. 

The Muensterplatz with a monument Ludwig van Beethoven stands empty in Bonn on April 1. 

Photographer: Andreas Rentz/Getty Images
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Germany faces a deeper recession than during the financial crisis, as the coronavirus pandemic shuts down large parts of Europe’s biggest economy.