Germany climbing out of economic slump: Central bank

Germany climbing out of economic slump: Central bank

BERLIN: Germany has turned the corner on the worst of an economic crisis sparked by the coronavirus pandemic and is now on the path to recovery, the central bank chief of Europe's biggest economy said.. Weidmann, who has never minced his words against expansionary policies ramped through in the past by the European Central Bank, on Sunday also voiced support for the unprecedented economic rescue and stimulus packages unleashed by Berlin to shield German companies and jobs.. The impact of the health crisis has pushed the economy into a deep recession believed to be the worst since the Second World War.. After the rate of new infections dropped sharply, Europe's biggest economy began easing restrictions in early May although social distancing rules are still in place and huge events banned.. British Prime Minister Boris Johnson's government will announce next week whether Britain will ease social distancing rules for people to remain 2 meters apart.. Women bear the brunt of virus fallout /node/1693491/business-economy. LONDON: The reverberating economic shock of the coronavirus crisis has delivered a massive setback for women because so many work in the badly exposed services sector, experts say.. The nature of the outbreak means women are more