Germany slips into recession as coronavirus hits — its sharpest decline since the global financial crisis | Markets Insider

Germany slips into recession as coronavirus hits — its sharpest decline since the global financial crisis

shrank by 5.8 and 5.2% respectively. The eurozone economy, as a whole, contracted by 3.8% in the same period.

"However, Germany only contracted by 2.2% and considering that France and Italy contracted by almost twice that much, we should expect to see some friction to arise when it comes to future contributions to any EU recovery structures."10 big money managers shared with us their favorite hidden gems in the market, and the contrarian trades they're making amid the pandemic

However, general government spending and expenditures related to the construction industry had a"stabilizing" effect and prevented a potentially larger gross domestic product decrease, Destatis said.

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