Economics

German Unemployment Jumps as Ifo Predicts Slow Economic Recovery

Nearly 3 million without job, some 7 million more on furlough
Leading research institute cuts 2021 growth projection

Office of the German National Agency for Employment in Erfurt, Germany.
Photographer: Krisztian Bocsi/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Alexander Weber

July 1, 2020 at 7:55 AM UTC

Updated on

July 1, 2020 at 8:49 AM UTC

This article is for subscribers only.

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.

German unemployment surged in June as one of the country’s leading economic research institutes warned of a slower-than-expected economic recovery from the coronavirus pandemic.