Germany’s DIHK: A V-shaped recovery is likely off the table

In latest outlook on the economy, Germany’s DIHK Chambers of Industry and Commerce highlighted that a quick or a V-shaped recovery is likely "off the table".

Additional points

“Half the German companies sees return to normalcy in 2021 at the earliest.”

“A third of the German companies sees return to normalcy in 2020.”

“More than 40% of German companies are reporting liquidity shortages.”