Illinois

The German economy recovered in the second quarter, but fell short of expectations. WGN Radio 720

Posted: Posted Has been updated:

File – This October 30, 2007 file photo depicts an employee silhouette at the Boehringer Ingelheim Pharmaceutical Factory in Ingelheim, central Germany. According to official data, Germany’s unemployment rate fell to 5.6% in July. Such declines are rare in the summer months, indicating that Europe’s largest economy is recovering from the COVID-19 pandemic. (AP Photo / Michael Pobst, file)

Berlin (AP) — Germany’s economy grew 1.5% in the second quarter compared to the previous three months and recovered after a sharp drop in the first quarter, but not as strong as expected. did.

The figures released by the Federal Bureau of Statistics on Friday were below the 2% profit predicted by economists. In addition, the decline in the first quarter was more pronounced than previously reported. Gross domestic product fell 2.1% instead of the 1.8% reported in May.

Second-quarter GDP increased 9.6% year-on-year. The second quarter of last year saw a strong early impact of the coronavirus pandemic on Europe’s largest German economy.

The German economy recovered in the second quarter, but fell short of expectations. WGN Radio 720

Source link The German economy recovered in the second quarter, but fell short of expectations. WGN Radio 720

Related Articles

Back to top button