Business & Finance

Reuters exclusively reports Germany set to revise up its 2020 GDP forecast

Reuters exclusively reported that the German government is set to revise upward its economic growth forecast for this year to a decline of less than 6% from a previous estimate of -6.3%. The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed at the height of the COVID-19 pandemic. But recent economic data has fanned hopes that Europe’s largest economy is set for a strong recovery. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text