Germany tips into recession as coronavirus blights eurozone economies

Posted by on May 15, 2020 9:22 am
Categories: Global Stories

France and Italy also slide into recession as lockdown measures cut consumer spending and investment

Germany has fallen into recession following the sharpest economic slump since the 2008 financial crisis, as the coronavirus pandemic causes severe damage for growth and jobs across the eurozone.

Europe’s largest economy shrank by 2.2% in the three months to the end of March, the biggest slump since the start of 2009 after the banking system imploded a year earlier.

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