4/2/2020, 1:49 PM (Source: TeleTrader)
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End year balance could be little better than expected - Altmaier

German Economy Minister Peter Altmaier (pictured) stated on Thursday the country's end-year balance will be "bad," although it may be better than what "some expect."

The annual gross domestic product decline caused by the COVID-19 pandemic could be worse than during the 2009 financial crisis, the official warned.

Earlier, Altmaier said Germany will return to the frugal policy after the coronavirus crisis passes, adding future supply relationships would have to be more resilient.

Breaking the News / MD