Germany's coronavirus support will last two months, think tank tells paper

Germany’s 750 billion euro ($834 billion) package to soften the economic impact of the coronavirus outbreak on Europe’s largest economy will last for about two months, an independent economics think tank told a German newspaper group. “In the short term, we are in a kind of war economy in which the state plays a bigger role in coordinating the economy than normally,” Reint Gropp, head of the Leibniz Institute for Economic Research told RedaktionsNetzwerk Deutschland. If Germany’s lockdown lasts beyond two months, another rescue package would be needed and could stretch the country’s finances to an extent that would result in unprecedented budget deficits, he said.

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