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The German Economy Recorded Record Growth In The Third Quarter
After a historic downturn in the second quarter, the German economy recorded record quarter-on-quarter growth in the third quarter.
Yazar: Tom Roberts
Yayınlanma: 30 Ekim 2020 22:08
Güncellenme: 19 Kasım 2024 07:55
The German Economy Recorded Record Growth In The Third Quarter
After a historic downturn in the second quarter, the German economy recorded record quarter-on-quarter growth in the third quarter. Preliminary data released by the German statistical office Destatis on Friday pointed this out. According to the office, the German economy grew by 8.2% quarter on quarter in the third quarter, the best result since the relevant data were recorded in 1970. The record growth was largely due to the recovery in domestic consumption as well as strong export growth. The result also exceeded the expectations of economists contacted by Reuters, who expected the German economy to grow by 7.3%. For comparison, in the second quarter, the German economy recorded a historic quarter-on-quarter decline of 9.7%.İLGİLİ HABERLER
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