The Federation of German industries, the BDI, has warned this morning that the effects of the Corona virus on businesses is likely to send Europe’s biggest economy into recession.Germany’s Robert Koch Institute said by
Wednesday afternoon there were 262 confirmed cases of the virus in Germany, with all but one of Germany’s 16 states affected by it.
The BDI said that economic growth was likely to “fall prey” to the Corona virus. “Economic growth threatens to come to a halt,” the federation said in its first quarter report for 2020.
It added that if the Corona virus was not brought under control in countries affected by it, by the second economic quarter it expected a much bigger impact. Germany’s economic growth had already been slower than expected before the virus hit, due largely to a slow down in China.