Coronavirus pandemic to shrink German economy by record 9.8% in Second quarter

BERLIN (Reuters) - Germany's economy, Europe's largest, will probably shrink by 9.8% in the second quarter, its biggest decline since records began in 1970, due to measures imposed to slow the spread of the novel coronavirus, the country's leading think tanks said on Wednesday.That would be more than double the drop seen in the first quarter of 2009, during the global financial crisis, the economic institutes said.Germany has been in virtual lockdown for several weeks. Schools, shops,..