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The German and French economies, the two largest economies in Europe, are tanking, operating in recessions that will be setting historical standards.
European agencies are expecting that Germany's economy will decline in the second quarter by 10 percent. This is the largest decline since the German statistics were calculated in the current method. Furthermore, it is double the drop that took place in the 2008 financial crisis.
Germany's experienced a negative growth rate in the fourth quarter of 2019, thus it is already in a recession. For the full year, the economy is expected