Germany’s economy, Europe’s largest, may contract this quarter as resurgent coronavirus infections trigger fresh curbs and keep shoppers at home, according to the Bundesbank.
Activity in some service sectors is “significantly hampered,” the central bank said Monday in its monthly report. While the hit to sales should be smaller than a year ago as current restrictions are less severe and only cover a comparatively short period of time, a persistent squeeze on supplies is adding extra strains.
German Economy May Shrink This Quarter on Covid, Bundesbank Says - Bloomberg
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