Recession ‘INEVITABLE’ in Germany, Bundesbank chief warns as country mulls lockdown amid coronavirus pandemic

The coronavirus pandemic

The coronavirus pandemic will trigger a serious downturn in the German economy, European Central Bank (ECB) Governing Council member and Deutsche Bundesbank chief Jens Weidmann has said.

Recession in Germany is “now inevitable,” Weidmann told Die Welt newspaper in an interview published on Saturday.

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