Germany’s economy could contract more this year than during 2008/9 crisis: minister


BERLIN, Apr 2 (Reuters) – Europe’s biggest economy could contract more this year than during the 2008/2009 financial crisis, Germany’s Economy Minister Peter Altmaier said on Thursday, adding that a higher crash than 8% in some months.

Altmaier argued that the economy had performed well during the first two months of the year, before Germany went into virtual lockdown in March.

“We hope that in some specific months in the first half, the economy could shrink by more than 8%,” he explained.

(Report by Michelle Martin. Edited in Spanish by Javier Leira)