Pic: Shutterstock Germany’s economy grew by 1.6 per cent in the second quarter of this year, primarily due to consumer spending as the COVID-19 -induced lockdown was relaxed. The growth has helped Germany’s economy emerge from an economic low that … Read More
German Chancellor Angela Merkel arrives at a press conference at the Federal Chancellery in Berlin following a virtual meeting with governors of Germany’s 16 states on Aug. 27, 2020. (Omer Messinger-Pool/Getty Images) As Angela Merkel enters the home stretch of … Read More
The second-quarter contraction was the worst ever since documentation of GDP figures began in 1970. The drop was, however, not as steep as the 10.1% contraction that economists initially anticipated. The German economy, Europe’s largest, contracted by a record 9.7% … Read More
The coronavirus pandemic is slowing global commerce to a crawl, but many of the world’s largest economies are taking extraordinary actions to propel them through the crisis. A pedestrian wearing a protective face mask amid the the coronavirus (COVID-19) outbreak … Read More
BERLIN (Reuters) – The number of confirmed coronavirus cases in Germany jumped by more than 100 on Saturday, reaching 795 by mid-afternoon amid growing concern at the economic impact of the spreading epidemic on one of the world’s most trade-dependent … Read More
German businesses have already been suffering from the negative effects of Brexit, said Holger Bingmann, head of the foreign trade industry group BGA, pointing out losses to German exporters worth €3.5 billion this year. Prospects of an agreement between the … Read More