Virus Blow to Germany’s Economy Probably Weaker Than Elsewhere in Europe

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Virus Blow to Germany’s Economy Probably Weaker Than Elsewhere in Europe

(Bloomberg) -- Germany’s most stringent coronavirus containment measures started later than elsewhere, finished sooner and look less damaging than in many other European countries, according to Bloomberg Economics. High-frequency data on electricity usage indicate that the blow to Germany’s economy has been smaller than in France, Italy and Spain and less even than Austria in the earlier weeks of lockdowns. Traffic-congestion figures for major cities paint a similar picture.

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