The German economy is likely to stay afloat but could suffer a sizeable setback if coronavirus curbs are extended again, the Bundesbank said on Monday. If infections failed to ease significantly and current restrictions on economic activity were to persist or even be tightened, there could be a sizeable setback, the Bundesbank said in its monthly update, according to media reports. The Bundesbank said the economy likely stagnated but did not shrink in the last 3 months of 2020 as a rebound in industry and construction made up for a slump in hospitality and retail.
Powered by Commodity Insights