Rapid V-shaped recovery from coronavirus unlikely for Germany

The German economy will see signs of recovery from mid-year at the earliest, an economist at the Ifo institute said on Friday, adding that any recovery from a recession sparked by the coronavirus pandemic would likely not be a V-shaped one.

Ifo, whose business climate index for April fell to a record low, said the Germany economy was experiencing its toughest time since reunification almost 30 years ago.

Was it worth reading? Let us know.