Germany Apr-Jun GDP YoY -10.1% New Corona Impact July 31 3:52
In Germany, the growth rate of GDP (Gross Domestic Product) from April to June was minus 10.1% compared to the previous three months, the largest drop since 1970 when we began to collect comparable statistics. It was.
The German Federal Statistical Office announced on the 30th that the growth rate of GDP from April to June was minus 10.1% in real terms excluding price fluctuations compared with the previous three months.
This was the largest drop since 1970, when we began to collect comparable quarterly statistics, well above the minus 4.7% recorded in January-March 2009 affected by the Lehman shock. ..
For the significant negative growth that followed the negative 2.0% from January to March, the Federal Bureau of Statistics said that the impact of the new coronavirus caused a significant drop in exports and a decrease in personal consumption and capital investment.
To prevent the spread of the new coronavirus in Germany, restrictions on economic activities that were introduced in March this year have been significantly eased in May.
For this reason, the economic growth rate from July to September is expected to turn positive, but it has been pointed out that it will take several years to return to the pre-crisis level, and the future is uncertain. It has become.