Economics
Germany Suffers 300 Billion-Euro Hit From Covid Fallout, Research Group Says
- Damage represents about 9% of the country’s annual GDP
- Losses and distortions will ‘take years’ to balance out
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Germany has suffered a 300 billion-euro ($366 billion) blow from fallout linked to the coronavirus and the economic damage will take years to fix, according to research group IW Cologne.