The German Ministry of Economy announced that the country's economy will likely shrink 5.5% this year, adjusting to a previous forecast of a 5.8% contraction, to grow 4.4% in 2021, according to For what was mentioned by Arabiya Net.
The German economy has been hit hard by the Coronavirus pandemic this year, and general isolation measures are scheduled to take effect across the country on Monday in an effort to curb an increase in infections.
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The ministry's new forecast for 2020 still means that Germany is in one of the worst post-World War II recessions this year, but it means the country is not doing badly Which I witnessed during the global financial crisis in 2009.
