April 24, 2020 / 9:17 AM / a month ago

Rapid V-shaped recovery from coronavirus unlikely for German economy: Ifo

BERLIN (Reuters) - The German economy will see signs of recovery from mid-year at the earliest, an economist at the Ifo institute said on Friday, adding that any recovery from a recession sparked by the coronavirus pandemic would likely not be a V-shaped one.

Ifo, whose business climate index for April fell to a record low, said the Germany economy was experiencing its toughest time since reunification almost 30 years ago.

Reporting by Klaus Lauer; Writing by Joseph Nasr; Editing by Michelle Martin

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