German Minister of Economy Peter Altmire predicted that his country’s economy would begin to recover from the consequences of the Corona virus in October onwards.
According to Reuters, the minister told the Bild am Sonntag newspaper, saying, "I trust that the decline of our economy can be stopped after the summer holidays and as of October, the economy can resume growth again in October." Germany.
He continued that the economy will shrink six percent in 2020, but it can record a growth rate of more than five percent in 2021.
He added that his goal is to reach the employment rate that was achieved before the crisis by 2022 and then begin to restore full employment.
He said that the prevalence of the virus in the United States is a cause of great concern.
He said that if the pandemic gets out of control there, it will have major repercussions for the global economy.
