- Analytics
- News and Tools
- Market News
- Germany's GDP increased slightly in the 4th quarter
Germany's GDP increased slightly in the 4th quarter
According to the report from the Federal Statistical Office (Destatis), the gross domestic product (GDP) in the fourth quarter of 2020 was almost unchanged compared with the third quarter of 2020 after adjustment for price, seasonal and calendar variations. After the historic 9.7% slump of the gross domestic product in the second quarter of 2020, the German economy was recovering in the summer of the year (+8.5% in the third quarter). In the fourth quarter, however, the recovery process slowed due to the second coronavirus wave and another lockdown imposed at the end of the year. This affected household consumption in particular, while exports of goods and gross fixed capital formation in construction supported the economy. Destatis also reports that the resulting GDP decline was 5.0% for the year 2020 as a whole (calendar-adjusted: -5.3%).
GDP in the fourth quarter of 2020 was down a price-adjusted 2.9% and a price- and calendar-adjusted 3.9% compared with the fourth quarter of 2019, the quarter before the corona crisis began.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
