The German government approved a financial package to revive the economy.
As Forbes reports, according to forecasts, the country's GDP this year will drop by 6%.
" In order to somehow save the economy, the authorities approved the second package of fiscal assistance since March.
The cost of the latter is 146 billion US dollars.. So, VAT from the beginning of July will be reduced from 19% to 16%. The goal is to increase purchasing power.. In addition, to support small and medium-sized businesses in Germany will allocate 28 billion US dollars. And families will receive a lump sum payment of $ 336 per child, "
According to German Chancellor Angel Merkel, the financial package is designed for 2020-2021: " " We hope that in the future we will be able to revive the economy "