German business sentiment slumps in January amid growing worries over an extension of the lockdown and slow government support. The dull mood is speading from services to manufacturing, says ifo president Clemens Fuest.
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The second-quarter contraction was the worst ever since documentation of GDP figures began in 1970. The drop was, however, not as steep as the 10.1% contraction that economists initially anticipated.
Germany has experienced a sharp economic slump, thanks to the coronavirus. Despite growing optimism in recent weeks about a recovery the bad times are yet to come, says DW's Henrik Böhme.
It's looking likely that Britain could crash out of the European Union at the end of this year without a deal. That would be worse for Britain than the EU.
Residents from Germany's increasing number of high-infection areas are banned from staying in hotels in parts of the country — but not everywhere. The patchwork of regulations is leading to more and more confusion.
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