After economists have only revised their growth forecasts downwards in small steps in recent weeks, the Munich-based ifo Institute has now driven a stake that roughly shows what is in store for the German economy in the coming weeks (https://www.ifo.de/node/53925).
The ifo Institute is currently presenting two alternative forecasts. A "very, very favourable" scenario with minor production restrictions would result in a 1.5 percent decline in real national product. However, this does not take into account production shutdowns, which have already occurred. Larger production cuts, on the other hand, would already lead to a 6 percent contraction in 2020. This decline would then be one percentage point worse than in the financial crisis of 2009.