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US News Germany: Record growth of 8.2% of GDP in the third quarter

12:55  30 october  2020
12:55  30 october  2020 Source:   liberation.fr

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1. Gross domestic product ( GDP ). GDP , volume – annual growth rates in percentage. Zones - GDP expenditure approach. Quarterly Growth Rates of real GDP , change over previous quarter . Real GDP and components - growth rates and contributions to growth .

Germany was the third -largest economy in nominal terms in 1980, with a GDP of 0.47 billion. Its GDP in terms of purchasing power parity is around .96 trillion. The country offers a high standard of living In recent years, the economic growth has slowed, resulting in unemployment that has placed

GERMANY-ECONONOMY-GDP: Germany: Record growth of 8.2% of GDP in the third quarter

ALLEMAGNE: CROISSANCE RECORD DE 8,2% DU PIB AU TROISIÈME TRIMESTRE © Reuters / RALPH ORLOWSKI GERMANY: RECORD GROWTH OF 8 , 2% OF GDP IN THE THIRD QUARTER

BERLIN (Reuters) - Germany's gross domestic product (GDP) grew by a record 8.2% in the third quarter as Europe's largest economy emerging from historic recession caused by the coronavirus pandemic, show data released on Friday by Destatis, the federal statistical office.

This jump over the July-September period is the largest observed since the monitoring of this statistic began in 1970 and exceeds the forecasts of economists polled by Reuters, who expected growth of 7.3%.

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Gross domestic product ( GDP ) is the standard measure of the value added created through the production of goods and The indicator is available in different measures: percentage change from the previous quarter Germany -9.7. United States, Q2-2020: -9.0 Percentage change, previous period.

This page provides values for GDP Annual Growth Rate reported in several countries. The table has current values for GDP Annual Growth Rate, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts.

The contraction of the German economy in the second quarter was revised slightly, to -9.8% from -9.7%.

The rebound in the third quarter was driven by the rise in household consumption, a rebound in investment in equipment and vigorous exports, show data published by Destatis.

The German government at the same time revised upwards its GDP forecast for the year as a whole on Friday, despite the containment measures that have just been taken to counter the second wave of COVID-19 sweeping through Europe .

It now forecasts a 5.5% contraction in 2020, against 5.8% previously, and maintains its forecast of 4.1% growth in 2021.

In the third quarter, French GDP rebounded by 18.2% while economists polled by Reuters on average expected growth of 15.4%.

Figures for the whole eurozone are due by 10:00 GMT.

(Michael Nienaber, version Patrick Vignal, edited by Blandine Hénault)

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