Germany’s Economy Suffers Biggest Contraction on Record, but Green Shoots Emerge

FRANKFURT—Germany suffered a record financial contraction in the next quarter as steps to gradual the

FRANKFURT—Germany suffered a record financial contraction in the next quarter as steps to gradual the pandemic’s unfold shut firms and held consumers at household, but Europe’s powerhouse is nonetheless anticipated to shrink by considerably less and recuperate speedier than other main economies.

Germany’s gross domestic product fell ten.one% in contrast with the previous quarter, the most significant drop since comparable data began in 1970, and around double its contraction at the nadir of the world wide financial crisis in 2009, the federal figures…