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Germany economy shrinks in 1st quarter, ‘worse still to come’ as EU “drags” response

Germany has reported a 2.2% drop of its GDP over the course of the first 3 months of 2020, but the worse could be yet to come: “although it looks as if Germany escaped relatively well up to now, it’s gonna be worse”, Iain Begg, professor at the London School of Economics tells FRANCE 24. The EU’s response to the crisis “has been dragged out of the European Finance Ministers and the heads of state are somewhat still reluctant: we have seen some of the same old disputes still going on”, Begg adds.

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