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German Economy To Shrink In Q1: DIW Institute

German Economy To Shrink In Q1: DIW Institute The German economy is set to contract in the first quarter due to strict restrictions related to Covid-19 pandemic, the DIW Institute said Wednesday. Gross domestic product will contract 3 percent in the first quarter of 2021 after stagnation in the fourth quarter, the think tank estimated. The hard lockdown will last until the end of February and then gradually be lifted, Claus Michelsen, an economic director at DIW Institute said. So there is a l...
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