Germany's Merkel: Economic consequences of pandemic to stay with us for years

Eren Sengezer FXStreet

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

"I hope we can find a solution to ensure the passing of the recovery fund and the EU budget," Merkel added and noted that the next EU summit will be crucial in this respect.

Market reaction

These remarks don't seem to be having a significant impact on market sentiment. As of writing, Germany's DAX 30 Index was up 0.55% on the day at 13,408.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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