The index dived to a record low in April when Germany ordered factories and shops shut during the first Covid-19 wave, before picking up the following month as business activity gradually resumed. — Reuters pic
“The second wave of coronavirus has interrupted Germany’s economic recovery,” Ifo president Clemens Fuest said in a statement. Chancellor Angela Merkel will meet regional premiers tomorrow to decide on extending the measures into December, adding further pressure on Europe’s largest economy. Vaccine hopes have been boosted by recent data showing three potential Covid-19 jabs have proved highly effective in large-scale trials.
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