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German economy minister sees economic recovery from October

Published 05/07/2020, 01:05
Updated 05/07/2020, 01:10
© Reuters.

FRANKFURT (Reuters) - Germany's economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday.

"I am sure that the downturn of our economy can be stopped after the summer break and that from October onwards, the economy can start growing again in Germany," he told the mass circulation Bild am Sonntag in an interview.

While the economy would shrink by 6% in 2020, growth by over 5% would be possible in 2021, Altmaier said.

His goal was to reach the level that employment was at before the crisis by 2022, and to start heading for regaining full employment after that date, he said.

Altmaier also said that the rate of the spread of the virus in the United Status was a major concern.

"A pandemic that gets out of control there, has big consequences for the world economy," he said.

Latest comments

@ Harry Baker.... tell your government not to follow footsteps of the German trend of economy recovery - every country has absolutely different challenges and economy to begin with - why also read this article if it is a waste of time. Your heartbeat of strong hatred of a strong econmy that you have to suffer for due to eny - but be very very careful- when this is kept on and you don’t seek healing for counciling - it could lead to mental illnes which is very dominately in your society - it is the cause of hatred and envy that the sense stop to operate rationally and defeats it course that comes with inner peace - but hatred can destroy inner peace that leaded to mental illness if help with conscious effort from within to overvome hatred or still seek mental health psychologist - the British people need repentance and healing aside
Waste of time to listen to forecasts from ignorant politicians
you mean UK
ignorant hatred minds only makes a person choke
so envy here probably
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