BERLIN, Aug. 17 -- The German economy was currently on a "recovery path" after a slump caused by the COVID-19 crisis and is expected to "grow steeply" in the third quarter of the year, Germany's central bank Deutsche Bundesbank said on Monday.
"Current indicators suggest that this upward movement is continuing during the summer months" in Germany, according to the bank's monthly report.
In the second quarter (Q2), German gross domestic product (GDP) plummeted by 10.1 percent compared to the previous quarter, the German Federal Statistical Office (Destatis) recently said. It was the "largest decline since the beginning of quarterly GDP calculations for Germany in 1970."
In March and April, parts of the German economy had come to a stand-still as rising COVID-19 infections led to a partial lockdown and the closures of shops and factories in the country. The economic recovery began in May after the first restrictions were eased.
Germany's expansive monetary and financial policy measures and the economic stimulus package worth 130 billion euros (154 billion U.S. dollars), recently adopted by the German government, would "provide additional support to the economy," according to the Deutsche Bundesbank.
However, the bank's economists noted that the German economy would "still fall considerably short of its pre-crisis level for some time to come."
Forecasts for German GDP for the full year 2020 range between minus 6.3 percent, the official government forecast from April, and minus 9.4 percent which the German Institute for Economic Research (DIW) projected in late June.
My Dream 我的梦想
越南与欧盟自贸协议预计刺激经济大幅增长
国际英语资讯:Violent protests continue across Iraq as death toll rises
国际英语资讯:UN chief commends IGAD-led efforts towards South Sudan peace
国际英语资讯:Jordan PM launches national campaign to help displaced Syrians in south Syria
国际特赦组织指缅甸13名官员有反人类罪行为
国际英语资讯:German parliament approves final tranche of Eurozone bailout for Greece
国际英语资讯:Iran says still awaiting EU proposals to save 2017 nuke deal
Why some vegetarian foods imitate meat 为什么素食要追求“肉相”
国际英语资讯:Downing Street contender quits Commons, launches bid to be London mayor
国际英语资讯:Malta to send Lifeline economic migrants back, warns PM
国际英语资讯:Tens of thousands across U.S. protest Trumps immigration policy
日本太空探测器抵达小行星
父亲节 我收到最珍贵的礼物
国内英语资讯:China, France pledge pragmatic cooperation
T-levels: a new vocational qualification for English teenagers 英教育部为青少年增设职业资质课程
国内英语资讯:Chinese political advisors pool wisdom for poverty relief
国际英语资讯:Spotlight: Trump hails Supreme Courts backing of travel ban on Muslim-majority countries
国际英语资讯:Migrant rescue vessel Lifeline docks in Malta
体坛英语资讯:Hosts Russia continue goal spree despite return of Egypts Salah
国际英语资讯:U.S. tariffs to harm Spanish exports: official
My Idol 我的偶像
国际英语资讯:Brazils Central Bank reduces economic growth projection to 1.6 pct
国际英语资讯:17 people arrested for protesting immigration policy in LA
美国联邦最高法院大法官肯尼迪宣布退休
国际英语资讯:5 dead, multiple injured in U.S. newspaper shooting, suspect in custody
What I Have Found 我发现了什么
塞内加尔队主帅获封最性感男神,看英语如何花式赞帅?
全网都在说的“你pick谁”是中式英语吗?
国际英语资讯:Portuguese president, PM hail Vitorinos appointment as IOM chief
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |