Depending on the duration of the coronavirus shutdown, the GDP of Germany, Europe’s biggest economy, will shrink this year by 4.5% to 8.7%

Depending on the duration of the coronavirus shutdown, the GDP of Germany, Europe’s biggest economy, will shrink this year by 4.5% to 8.7%, according to a forecast by the Institute of World Economy in Kiel. A shutdown through April would mean a €150 billion loss of economic activity and 4.5% drop for the year. If the disruptions stretch through August, Germany’s GDP will fall by 8.7%. So far, the most affected sectors are: aviation, car manufacture, leisure and hospitality.