BERLIN (Reuters) - The German economy could contract by between 5% and 20% this year depending on the length of the shutdown caused by the coronavirus outbreak, Ifo economist Klaus Wohlrabe told Reuters on Wednesday.
He said he expected there to be a severe recession in Europe’s largest economy that would last for at least two quarters.
Reporting by Rene Wagner; Writing by Michelle Martin; Editing by Scot W. Stevenson
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