German GDP saw 8.2% bounce-back in third quarter
Official figures released Friday show the German economy bounced back strongly in the third quarter compared to the previous three months, when the country was hit by the first wave of the coronavirus pandemic
Your support helps us to tell the story
This election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.
The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.
Help us keep bring these critical stories to light. Your support makes all the difference.
The German economy bounced back strongly in the third quarter compared to the previous three months, when the country was hit by the first wave of the coronavirus pandemic, according to official figures released Friday.
Germany's Federal Statistical Office said the country's gross domestic product grew by 8.2% from July to September compared to the second quarter.
Economy Minister Peter Altmaier said the data was better than predicted and the government now expects a full-year decline in GDP of 5.5%, better than the government's forecast in September of a 5.8% drop.
German GDP is expected to grow 0.4% in the fourth quarter, less than previously expected due to the recent upsurge in new COVID cases.
Altmaier said officials expect the economy to have recovered from the impact of the pandemic by 2022.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.