Monday, December 06, 2021

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German GDP grows in second quarter of 2021

German GDP grows in second quarter of 2021

Berlin, Jul 31 (Prensa Latina) The German Federal Statistics Office (Destatis) reported that the country's gross domestic product (GDP) grew 1.5 percent in the second quarter of this year, compared to the same period in 2020.
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The GDP fell 2.1 percent in the first quarter compared to the last quarter of last year. According to Destatis, the recovery was prompted especially by a rise in private consumption and public spending.

German Minister of Economy Peter Altmaier pointed out that growth on the second quarter showed that the German economy faced the third wave of Covid-19 successfully.

The GDP rose 9.6 percent in comparison to the second quarter of 2020, during which Germany was hit particularly hard by the Covid-19 andemic and the restrictions to counteract the health crisis.

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