Germany’s DIW: Economy likely to contract 3% in Q1 2021

Germany, Europe’s largest economy probably contracted by 3% in the January to March period, the latest forecasts published by Germany’s economic institute DIW showed on Wednesday.

Key quotes

“Sees Q1 German GDP down 3% QoQ.”

“Sees Q4 German GDP unchanged QoQ.”

“Lockdown measures are gradually impacting the industry as well.”

more to come ...