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Germany’s GDP may shrink in the last three months of this year. Europe’s main economy is facing new challenges after a surge in coronavirus cases forced the government to adopt new restrictions. Writes about this Bloomberg .

Budnesbank notes that a serious blow has been dealt to exports. In general, the regulator expects that the economy will not suffer as much as after the lockdown in March and April. The bank points out that it remains difficult to take the right measures to effectively contain the pandemic and not destroy the economy.

The European Central Bank (ECB) is preparing a new stimulus package in response to a possible double recession in the eurozone in the last quarter of the year. The organization will focus on emergency purchases of bonds and long-term loans, the ECB President said Christine Lagarde .

According to analysts, in 2020 the German economy will shrink by 5, 4 percent, and in 2021 it will grow by 4.7 percent. The new forecast is worse than the one presented in the spring – then the experts expected the economy to fall by 4.2 percent this year and growth by 5.8 percent in the future.