Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

German economy grew by 6% in third quarter but recovery likely to slow - DIW

10/28/2020 | 04:39am EST
FILE PHOTO: VW re-starts Europe's largest car factory after coronavirus shutdown

BERLIN (Reuters) - The German economy likely grew by around 6% in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second COVID-19 outbreak hits Europe's biggest economy, the DIW institute said on Wednesday.

DIW pointed to the threat of further coronavirus-related restrictions and said many companies were still struggling with the consequences of the lockdown imposed in spring and had hardly any financial reserves left.

As coronavirus infections soar, German Chancellor Angela Merkel wants state premiers on Wednesday to agree to close all restaurants and bars from Nov. 4 in a bid to curb coronavirus infections, a draft resolution seen by Reuters showed.

The Federal Statistics Office is due to release preliminary German gross domestic product (GDP) data for the third quarter on Oct. 30.

(Reporting by Riham Alkousaa; Editing by Michelle Adair)


© Reuters 2020
Latest news "Economy & Forex"
01:22pItaly to discuss on Monday plans to use resources from EU's Recovery Fund
RE
01:16pCanada PM Trudeau won't comment on possible Meng release, says priority is detainees in China
RE
01:12pFACTBOX : Investigations facing the world's biggest commodity traders
RE
01:07pCanada procurement minister says we are not working with a jan 4 timeframe for delivery of first doses of covid-19 vaccine
RE
01:02pU.S. drillers add oil and gas rigs for 11th week in 12 -Baker Hughes
RE
12:47pOSCE agrees to fill four top jobs, ending months-long impasse
RE
12:37pCanada chief doctor says if we stay on the same trajectory the country could reach 10,000 covid-19 cases a day by january
RE
12:34pCanada procurement minister says fedex express canada awarded contract to transport vaccines
RE
12:33pCanada procurement minister says exercising option for additional 20 million doses of moderna covid-19 vaccine
RE
12:31pBiden says jobs report 'grim,' relief package needed now and in January
RE
Latest news "Economy & Forex"