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2020-10-28 13:50:00

GERMAN ECONOMY UP 6%

GERMAN ECONOMY UP 6%

REUTERS - The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak hits Europe's biggest economy, the DIW institute said on Wednesday.

DIW pointed to the threat of further coronavirus-related restrictions and said many companies were still struggling with the consequences of the lockdown imposed in spring and had hardly any financial reserves left.

As coronavirus infections soar, German Chancellor Angela Merkel wants state premiers on Wednesday to agree to close all restaurants and bars from Nov. 4 in a bid to curb coronavirus infections, a draft resolution seen by Reuters showed.

The Federal Statistics Office is due to release preliminary German gross domestic product (GDP) data for the third quarter on Oct. 30.

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Earlier:

GERMAN ECONOMY UP 6%
2020, October, 12, 11:25:00
GERMANY'S CO2 PRICE €25
gasoline prices are expected to rise by €7c/l and diesel prices by €7.9c/l in 2021 (+€0.6c/kWh for gas).
GERMAN ECONOMY UP 6%
2020, September, 28, 11:45:00
GERMANY'S SOLAR POWER UP
Germany has seen almost 48% of its gross electricity consumption provided from renewable energy thus far this year
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Tags: GERMANY, ECONOMY, GDP