Germany’s Altmaier: Main priority is to slow the spread of the coronavirus to avoid recession

Dhwani Mehta FXStreet

Speaking on public television, the German Economy Minister Peter Altmaier said government’s main priority is to slow the spread of the coronavirus in the country.

He added that the slower the virus’s spread, the more likely it was that a recession could be avoided in the second half.

Measures already agreed to support the economy, which include support for workers facing reduced working hours, could be extended if necessary, Altmaier said.

The number of confirmed virus cases in Germany topped 1000 on Monday.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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