Skip to main content

Germany: IFO Institute, economy to shrink by 6.6% in 2020

(ANSA) - BELGRADE, MAY 28 - The German economy will probably shrink by 6.6 percent in 2020, but then it will growing by 10.2 percent next year, according to the updated ifo Economic Forecast for 2020/2021, released today. "This is based on our evaluation of the ifo survey conducted among companies in May. On average, participants consider it most likely that their own business situation will return to normal in nine months," said Timo Wollmershaeuser, Head of Forecasts at ifo. (ANSA).