Germany: The economic consequences of the pandemic will remain with us for years

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The economic consequences of the coronavirus pandemic will be felt for years to come, the German chancellor said on Monday, Angela Merkel, Reuters reported.

“I hope that we can find a solution to ensure the approval of the recovery fund and the EU budget,” Merkel added, noting that the upcoming EU summit will be crucial in this regard.

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Market reaction

These comments do not appear to have a significant impact on market sentiment. At time of writing, Germany’s DAX 30 Index was up 0.55% on the day to 13,408.

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