Name: Germany, Europe's Largest Economy, Enters Recession Due To Coronavirus
Brand: npr.org
SKU: npr-org-425
Availability: OnlineOnly

critic

Germany, Europe's Largest Economy, Enters Recession Due To Coronavirus

preview

Germany Enters Recession Due To Coronavirus : Coronavirus Updates Germany has seen its biggest quarterly contraction since 2009 when the global financial crisis ravaged the country's economy. Economists expect an even deeper slump in the second quarter.The coronavirus pandemic has plunged Europe's largest economy into recession. Official figures show Germany's economy in the first three months of this year. It's the biggest quarterly fall since 2009 when the global financial crisis ravaged the country's economy. Figures for the last three months of 2019 were also revised to show a contraction, meaning economic growth has been negative for two successive quarters, the technical definition of a recession. Economists expect a deeper slump in the second quarter as the full effects of the lockdown become apparent. Like other European countries hit hard by the pandemic, Germany closed factories, shops and restaurants, forcing many workers to stay at home from mid-March to slow the spread of the outbreak. Half of all German companies have applied for Kurzarbeit, a state program that allows firms to cut working hours and receive government subsidies to help pay at least 60% of workers' salaries. Germany's heavy reliance on exports has also made it vulnerable as international trade and travel have been curtailed. The figures come as Germany takes its first steps to exit the lockdown. In most of the country, bars and restaurants are reopening this weekend. Students also are returning to classrooms, and the country's soccer league – the - is resuming its season this weekend inside empty stadiums.Chancellor Angela Merkel has warned that if the virus' transmission rate worsens, the country could return to the lockdown measures that have hobbled its economy in the first place.Sponsor Message

Germany Enters Recession Due To Coronavirus : Coronavirus Updates Germany has seen its biggest quarterly contraction since 2009 when the global financial crisis ravaged the country's economy. Economists expect an even deeper slump in the second quarter.The coronavirus pandemic has plunged Europe's largest economy into recession. Official figures show Germany's economy in the first three months of this year. It's the biggest quarterly fall since 2009 when the global financial crisis ravaged the country's economy. Figures for the last three months of 2019 were also revised to show a...

public

Rob Schmitz

News. Arts & Life. Music & more. This is NPR. 🕵️ Securely send us news tips: http://securedrop.npr.org

npr.org

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Germany, Europe's Largest Economy, Enters Recession Due To Coronavirus

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS