Germany faces 'worst recession' in post-war history

Frankfurt am Main (AFP) – German output will suffer a record slump this year over the coronavirus crisis, the government warned Wednesday, pushing Europe’s top economy into a painful recession.Gross domestic product (GDP) is expected to shrink by a record 6.3 percent as demand for exports plummets and lockdown restrictions weigh on domestic consumption, Economy Minister Peter Altmaier said in Berlin.”We will experience the worst recession in the history of the federal republic” founded in 1949, Altmaier said.”The effects of the coronavirus pandemic will push our economy into a recession after …

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