Germany expects swift economic recovery, but at slower pace than previously thought

Despite a recent upsurge, Germany’s infection rates are better than elsewhere, he said, adding that the country is in position to avoid another nationwide shutdown

Angela Merkel's German government sees robust economic recovery next year, albeit at a slower-than-anticipated pace

The German government sees the country’s economy rebounding quickly from the coronavirus shock, economy minister Peter Altmaier said, adding that he did not expect authorities to impose another round of lockdown measures like in March and April.

“Overall, we can say that at least for now, we are dealing with a V-shaped development,” Mr Altmaier said when presenting the government’s updated growth forecasts.