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

ByThe Associated Press
October 30, 2020, 6:25 AM
German Economy Minister Peter Altmaier takes off his face mask as he arrives at a news conference to present the federal government's autumn economic forecast in Berlin, Germany, Friday, Oct. 30, 2020. (Michele Tantussi/Pool via AP
German Economy Minister Peter Altmaier takes off his face mask as he arrives at a news conference to present the federal government's autumn economic forecast in Berlin, Germany, Friday, Oct. 30, 2020. (Michele Tantussi/Pool via AP
The Associated Press

BERLIN -- 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.

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