UP

Coronavirus poses risk to Germany economy

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Coronavirus poses risk to Germany economy

Germany's economic growth may weaken in the first quarter of 2020 due to the coronavirus outbreak, the country's central bank said in a report on Monday.

Axar.az reports citing Turkish media.

The outbreak poses risks for the economy by damaging global supply chains, Deutsche Bundesbank's monthly report stated.

The virus, which was first detected in December in the city of Wuhan, the capital of central China’s Hubei province, has caused nearly 1,800 deaths so far, with more than 70,000 confirmed cases.

Economists expect that the virus will hurt the world economy by causing disruptions in fields such as aviation, international trade, and tourism.

The virus' global repercussions could also impact the German economy, the report noted.

The report said a downward trend in country's manufacturing sector is continuing.

After growth of 0.6% in 2019, the Germany economy is expected to grow 1.1% in 2020.

Date
2020.02.17 / 21:33
Author
Axar.az
See also

Oil prices keep falling in global markets

Euro edges up, Ruble weakens

Oil prices keep falling on global markets

Bitcoin falls below $100k for first time since June

Oil prices keep falling on global markets

Oil prices fall on global markets

Azerbaijan to halt AI-95 gasoline production in 2026

Oil prices keep rising in global markets

OPEC+ to boost output by 137,000 barrels

Turkish refineries cut reliance on Russian oil

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla