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  • Germany's virus-hit economy will suffer a drop in output this year at least as bad as during the financial crisis in 2009, when gross domestic product shrank by 5 percent, Economy Minister Peter Altmaier said Monday. "We expect economic output to decline and it will be at least by as much as in 2008-2009," Altmaier told reporters. Before the coronavirus crisis hit, the government had forecast Europe's top economy would grow by 1.1 percent in 2020. bur-mfp/tgb/jh
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  • Virus-hit German economy to shrink 'at least 5%' in 2020: minister
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