Germany January-March GDP growth rate-2.2% Corona impact May be protracted and worsen at 20:29 on May 15
In Germany, the growth rate of GDP (Gross Domestic Product) from January to March was minus 2.2% compared to the previous three months, the drop since 2009 due to the Lehman shock. It is feared that the economic downturn will continue for a long time as the end of the new coronavirus infection cannot be predicted.
As announced by the German Federal Statistical Office on the 15th, the growth rate of GDP from January to March was minus 2.2% in real terms excluding price fluctuations compared with the previous three months.
This is the decline since the Lehman shock's negative 4.7% recorded in January-March 2009.
In Germany, in order to prevent the spread of the new coronavirus, the restrictions on economic activities introduced in March were significantly eased from this month, and stores and restaurants are gradually restarting operations by state.
However, when the infection spreads, we will introduce restrictions again, and we are stance to take a cautious response while watching the infection situation.
The German government said on the 15th, "It will take time for the economy to recover as the new coronavirus epidemic continues. The economic growth rate from April to June will further decline." , There is concern that the economic downturn will continue.