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Clemens Fuest

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COVID-19 Outbreak Could Cost German Economy Up to 729 Billion Euros in 2020
March 23rd, 2020 - 02:00 GMT

COVID-19 Outbreak Could Cost German Economy Up to 729 Billion Euros in 2020

The coronavirus crisis could cost the German economy between 255 billion and 729 billion euros in 2020, the Ifo economic institute said on Monday. “The costs will probably exceed everything known from economic crises or natural disasters in Germany in recent decades,” Ifo President Clemens Fuest said in a statement, Reuters reported. If the economy comes to a partial standstill for two months, the costs will be between 255 billion ...
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