Germany: IFO Institute, economy to shrink by 6.6% in 2020
But in 2021 strong recovery in biggest European economy
28 May, 12:52"This is based on our evaluation of the ifo survey conducted among companies in May. On average, participants consider it most likely that their own business situation will return to normal in nine months," said Timo Wollmershaeuser, Head of Forecasts at ifo. (ANSA).