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COVID-19 forces Germany into recession

A woman wearing a protective mask stands on a bridge in front of the skyline in Frankfurt, Germany. The country has slipped into recession due to slowdown induced by COVID-19 pandemic.   | Photo Credit: Reuters

The German economy entered a recession in March and the slowdown is expected to continue until the middle of the year, the economy ministry said on Wednesday.

“Collapsing global demand, interruption of supply chains, changes in consumer behaviour and uncertainty among investors are having massive impact on Germany,” the ministry said in its monthly report.

It said even if social distancing measures were eased, economic activity would continue to be very subdued and would only pick up gradually.

Meanwhile, Germany's government has extended restrictions on movement introduced last month to slow the spread of the coronavirus until at least May 3

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