The German economy bounced back strongly in the third quarter compared to the previous three months, when the country was hit by the first wave of the coronavirus pandemic, according to official figures released on Friday.
For more coronavirus news, visit our dedicated page.
Germany’s Federal Statistical Office said the country’s gross domestic product grew by 8.2 percent from July to September compared to the second quarter.
Economy Minister Peter Altmaier said the data was better than predicted and the government now expects a full-year decline in GDP of 5.5 percent, better than the government’s forecast in September of a 5.8 percent drop.
German GDP is expected to grow 0.4 percent in the fourth quarter, less than previously expected due to the recent upsurge in new COVID cases.
Altmaier said officials expect the economy to have recovered from the impact of the pandemic by 2022.
- Coronavirus: Germany’s police deployed to hunt out COVID lockdown breakers
- Oil extends losses as renewed restrictions in France and Germany threaten demand
- Coronavirus: Germany and France prepare for new lockdowns as COVID-19 resurges
- Coronavirus: Germany to close bars, gyms, restaurants to halt spread of COVID-19
- Coronavirus: Germany’s Merkel urges public to limit contact with others to curb surge
- Germany’s coronavirus death toll passes 10,000: Health institute
- Coronavirus: Germany may have vaccine ready before end of 2020