The most pessimistic forecast: economic recession exceeds 20%
According to the data from Johns Hopkins University in the United States, as of 8 a.m. Beijing time on April 4, the number of German new coronavirus infections has exceeded 91,000, of which 1275 people died and 24575 were cured.
At present, most economic activities in German society are at a standstill. Schools, shops, restaurants and sports facilities have been closed for several weeks, and many companies and factories have ceased production in order to slow the spread of the epidemic.
The final value of Germany's March manufacturing PMI announced this week was 45.4, which reversed the momentum of recovery over the past few months; the final value of the service industry PMI in March was 31.7, which was the lowest value since record.
A week ago, the German economic advisory board of economists gave the German economic recession forecast value between 2.8% and 5.4%, but Altmeyer is obviously more pessimistic, he said in Berlin on Thursday (2nd), Germany's economic contraction this year may exceed 2009.