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Germany Sees Output Shrinking 6.3% as Confidence Collapses

  • Government forecast has output bouncing back to 5.2% in 2021
  • European sentiment index drops most since series began in 1985
Updated on

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Germany expects the impact of the coronavirus to plunge the economy into its worst recession since the nation began its recovery in the aftermath of World War II, as confidence at companies and households plummets across Europe.