BERLIN (Reuters) – The German economy is likely to shrink by 3-6% this year, the head of the BDI industry association said on Monday, adding that this forecast was based on economic activity being disrupted for a maximum of six weeks.
Europe’s largest economy is in virtual lockdown. Schools, shops, restaurants and sports facilities have closed and many firms have stopped production to help slow the spread of the disease.
(Reporting by Michelle Martin; Editing by Riham Alkousaa)
