GERMAN GOVERNMENT HANDS $341.02 PER CHILD TO EVERY FAMILY

Highlights –

• Germany's coalition government will aid cash for families with children.
• Germany’s GDP expected to shrink by 6.3% this year due to the pandemic.
• Families will receive a one-time transfer of $341.02 for each child.
• To boost consumer spending, VAT will be cut from 19% to 16%.

On late Wednesday a stimulus package was announced by the....