TELETRADER News
1/18, 12:26 PM (Source: TeleTrader)
more TeleTrader news

Buba: German economy to see sizeable setback if lockdown extended

The Deutsche Bundesbank (Buba) said on Monday the German economy could suffer a "sizeable setback" in case the current coronavirus measures are extended or further restrictions are introduced.

"If infections failed to ease significantly and current restrictions on economic activity were to persist or even be tightened, there could be a sizeable setback," Buba said in its monthly report.

Earlier, German Health Minister Jens Spahn noted the COVID-19 situation in the country is improving but reports hinted Chancellor Angela Merkel wants to keep the current restrictions for an additional eight to ten weeks of even impose a stricter lockdown.

Breaking the News / NP