Published 4 years ago

Ifo - German economy will shrink less in 2020 than in the financial crisis

Summary by Reuters

Berlin - According to the Ifo Institute, the corona pandemic is not causing the German economy to shrink as much as the global financial crisis in 2009. The gross domestic product is likely to fall by 5.2 percent this year, as the Munich researchers predicted on Tuesday. In the summer they had assumed minus 6.7 percent, which is the previous record decline from the 2009 financial crisis

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News18 India

Global Economy to Contract 4.3% in 2020; Output Worth USD 6 Trillion to Be Wiped Out: UNCTAD Report

The biggest falls in output will be in the developed world, with some likely to register a double-digit decline, the UN report said.

4 years ago·India

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Reuters

Ifo - German economy will shrink less in 2020 than in the financial crisis

4 years ago·United Kingdom

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Arab News

German economy to shrink by 5.2% this year, grow by 5.1% next year

Author: ReutersID: 1600761754320584900Tue, 2020-09-22 08:00 BERLIN: Germany’s Ifo institute on Tuesday said Europe’s largest economy would likely shrink by 5.2 percent this year, raising its previous estimate for a 6.7 percent drop, in the latest sign the damage caused by the COVID-19 pandemic could be smaller than initially feared. “The decline in the second quarter and the recovery are currently developing more favorably than we had expected…

4 years ago·Riyadh, Saudi Arabia

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OAN

German economy to shrink by 5.2% this year, grow by 5.1% next year – Ifo

September 22, 2020BERLIN (Reuters) – Germany’s Ifo institute on Tuesday said Europe’s largest economy would likely shrink by 5.2% this year, raising its previous estimate for a 6.7% drop, in the latest sign the damage caused by the COVID-19 pandemic could be smaller than initially feared.“The decline in the second quarter and the recovery are currently developing more favourably than we had expected,” Ifo chief economist Timo Wollmershaeuser sa…

4 years ago·San Diego, United States

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Deccan Herald

Global economy to contract 4.3% in 2020; India's output to shrink by 5.9%: UNCTAD report

The global economy is expected to contract by 4.3 per cent this year, hit hard by the coronavirus pandemic, which will wipe out global output worth over USD 6 trillion, a UN report said on Tuesday. Output in India is expected to shrink by 5.9 per cent in 2020, before rebounding to 3.9 per cent the next year, it added.

4 years ago

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Canada News Media

German economy to shrink by 5.2% this year, grow by 5.1% next year - Ifo - TheChronicleHerald.ca

Canada News Media provides the latest news from Canada! Read the German economy to shrink by 5.2% this year, grow by 5.1% next year - Ifo - TheChronicleHerald.ca and find out a lot of new information with us. More information on the site!

4 years ago

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Ifo - German economy will shrink less in 2020 than in the financial crisis

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Global Economy to Contract 4.3% in 2020; Output Worth USD 6 Trillion to Be Wiped Out: UNCTAD Report

Global Economy to Contract 4.3% in 2020; Output Worth USD 6 Trillion to Be Wiped Out: UNCTAD Report

Ifo - German economy will shrink less in 2020 than in the financial crisis

Ifo - German economy will shrink less in 2020 than in the financial crisis

German economy to shrink by 5.2% this year, grow by 5.1% next year

German economy to shrink by 5.2% this year, grow by 5.1% next year

German economy to shrink by 5.2% this year, grow by 5.1% next year – Ifo

German economy to shrink by 5.2% this year, grow by 5.1% next year – Ifo

Global economy to contract 4.3% in 2020; India's output to shrink by 5.9%: UNCTAD report

Global economy to contract 4.3% in 2020; India's output to shrink by 5.9%: UNCTAD report

German economy to shrink by 5.2% this year, grow by 5.1% next year - Ifo - TheChronicleHerald.ca

German economy to shrink by 5.2% this year, grow by 5.1% next year - Ifo - TheChronicleHerald.ca

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