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Ifo: China’s lockdowns will soon hit German economy

China’s tough line against the Covid pandemic will slow down the German economy, according to the Munich-based Ifo Institute. “The consequences of the China lockdown will hit the German economy in the coming months,” Ifo expert Klaus Wohlrabe told Reuters on Monday. “This will exacerbate the supply chain problems of the industry and limit the availability of goods in the retail sector.” Logistics in particular will suffer. “Things will further intensify.”

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