German fin minister Scholz: Partial lockdown in November will cost Q4 growth

German finance Scholz speaking

  • Partial lockdown in November will cost growth in Q4 but 8 package should cushion market
  • 8 package to compensate companies for partial lockdown in November will likely cost more than initially planned €10 billion
  • We are able to limit economic impact of a 2nd wave
  • Exports and employment see better development

Scholz is speaking in online news conference

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