German economic output has plunged by 16 percent due to the coronavirus-induced shuttering of businesses across the country, a study by German economic institute Ifo said on Tuesday. “Economic output in Germany slumped 16 percent during the coronavirus closures. This results in an evaluation of the Ifo surveys in April among around 8,800 companies from almost all industries,” the statement ahead of the study explained, according to Sputnik. According to ...