German economy to shrink by more than 6% this year

German economy to shrink by more than 6% this year
# 24 April 2020 18:06 (UTC +04:00)

The German economy will contract by more than 6% this year, a government source said on Friday, which would be a post-World War Two record, APA reports citing Reuters.

The economy will rebound from the coronavirus pandemic in 2021 with growth of more than 5%, the source added.

Spiegel magazine reported the figures first, citing an Economy Ministry forecast to be unveiled next week.

An Economy Ministry spokeswoman said there were no final growth forecasts yet.

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THE OPERATION IS BEING PERFORMED