Berlin: The council of economic advisers said a recession in Germany in the first half of this year is "inevitable." Experts estimate that output could shrink by up to 5.4% this year, while in the best-case scenario the gross domestic product (GDP) could drop 2.8%.
More than one in 10 medium-sized companies are threatened with bankruptcy due to the pandemic, according to the German Chambers of Commerce and Industry. The Institute for Economic Research has also said that over a quarter of German companies are expected to implement reduced working hours over the next three months. Latest figures: 62,435 infections, 541 deaths, 9, 211 recovered.
Germany's coronavirus death toll increased by about 15%. The government said it does not foresee any loosening of the current restrictions in the near future. The Marburger Bund, the biggest doctors’ association in Europe, has called for a "massive expansion" of production of personal protective equipment including protective masks, glasses, coats and suits. Berlin is also set to open a new clinic by April or May, which could hold up to 1,000 coronavirus patients, according to Berlin health senator Dilek Kalayci.