Germany slips into recession as coronavirus hits — its sharpest decline since the global financial crisis

The German economy plunged into recession as the country's federal statistics authority released grim data showing a contraction of 2.2% on Friday.
The economy's decline reflects its biggest quarterly drop since the global financial crisis and its second largest fall since German unification.
Germany is the latest country in Europe to enter recession during the coronavirus pandemic. Recently, the UK posted a first-quarter contraction of 2.2%. France and Spain shrank by 5.8% and 5.2%, respectivel