The German economy made an impressive comeback in the third quarter following the corona-related crash in spring.
Wiesbaden (dpa) – The German economy is bouncing back after the corona-related crash in spring. Gross domestic product (GDP) rose sharply by 8.2 percent quarter-on-quarter in the period from July to September, according to preliminary data released by the Federal Statistical Office in Wiesbaden on Friday. Europe’s largest economy is not out of the woods yet, however. In its latest forecast, the Federal Ministry for Economic Affairs and Energy expects a 5.5 percent slump in economic output for the year as a whole. Despite the partial lockdown in November, the ministry has thus raised its forecast slightly.