Hopes for a vaccine for the coronavirus disease (COVID-19) have helped European stocks close Wednesday higher, as the pan-European STOXX Europe 600 index gained 0.2%. In the Frankfurt Stock Exchange, the DAX30 index fell by 0.41%. In Paris and London, the French CAC40 and the FTSE100 indexes lost 0.19% each. …
Read More »IFO Sees Europe’s Largest Economy Contracting by 6.7% in 2020
“Germany’s economy will gradually recover after a historic slump due to the coronavirus pandemic and will likely return to last year’s level at the end of 2021,” economic institute IFO said on Wednesday, according to Reuters. IFO sees GDP contracting by 11.9% in Q2 on a quarterly basis and to …
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