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Germany: Bundesbank, recovery continues but loses momentum
In the second half of 2020, a 9,7% drop in GDP
21 September, 14:39
(ANSA) - BERLIN, 21 SET - After the sharp drop in GDP in
spring, the German economy has recovered in July and August.
However, the pace of recovery slows, according to the September bulletin of the Bundesbank. "After the massive setback in the second quarter," the publication reads," followed, in the third quarter of 2020, a robust contrary movement".
"In the rest of the year, the recovery will go on, but more slowly," the bulletin continues bulletin. In the second quarter of 2020, the German economy has recorded a 9.7% drop in GDP compared to the previous quarter. (ANSA).
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However, the pace of recovery slows, according to the September bulletin of the Bundesbank. "After the massive setback in the second quarter," the publication reads," followed, in the third quarter of 2020, a robust contrary movement".
"In the rest of the year, the recovery will go on, but more slowly," the bulletin continues bulletin. In the second quarter of 2020, the German economy has recorded a 9.7% drop in GDP compared to the previous quarter. (ANSA).
