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Germany: GDP up by 8.5% in third quarter

Slightly stronger data than previously reported

24 November, 09:27
(ANSA) - BELGRADE, 24 NOV - The German gross domestic product rose by 8.5% in the third quarter of 2020 compared with the second quarter of the year, the German Federal Statistical Office Destatis said today. The data suggest that "the German economy could offset a large part of the massive decline in the gross domestic product recorded in the second quarter of 2020 due to the coronavirus pandemic," Destatis noted, adding that, however, the GDP was still 4.0% lower in the third quarter of 2020 than in the fourth quarter of 2019. The increase of the GDP in Germany in the third quarter of 2020 was slightly stronger than reported in the first release of 30 October 2020 (+8.2%), Destatis said. (ANSA).

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