Some comments by the German statistics office
- How Q2 turns out depends in part of the easing of restrictions
Most institutes are pinning the economic contraction in Germany to be somewhere between 10% to 12% in Q2, but either way we all know that it is going to be record-breaking bad considering the lockdown measures and impact of the virus outbreak in the region.
The focus now is whether or not all of the recent progress can translate into a better economic performance in Q3 and Q4. Any real risks of a secondary virus outbreak will throw a real spanner in the works and lead to more concerns about the projected recovery.