German economy could shrink by 5.4% this year due to coronavirus: advisors
The empty shopping district"Hohe Strasse" is seen as the spread of coronavirus disease continues in Cologne, Germany, March 30, 2020. REUTERS/Wolfgang Rattay
Germany is in virtual lockdown, with more than 57,000 infected and 455 dead. Parliament last week suspended the country’s constitutionally enshrined debt brake, approving a massive stimulus package worth more than 750 billion euros to help weather the economic fallout. Germany will not ease measures to prevent the spread of coronavirus before at least April 20, Chancellor Angela Merkel’s chief of staff told a German newspaper at the weekend.
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