The German economy grew by 8.2 per cent in the third quarter and is expected to shrink less than expected in 2020, official data showed Friday, even as the country faces new shutdowns to contain a second coronavirus wave.
Overall, the government now expects Europe’s top economy to shrink by 5.5 per cent in 2020, Economy Minister Peter Altmaier said — an improvement on September’s prediction of 5.8 per cent.“The recovery comes as we are seeing a worsening of the pandemic, but I am sure that with the tough and decisive measures we have taken… we have a real chance to achieve this growth,” Altmaier said.
To reflect the pandemic situation, the government has revised downwards its prediction for growth in the fourth quarter from 1.1 to 0.4 per cent. While Europe locks down again to confront the virus flare-up, Asia remains open for business, helping German exporters and carmakers especially.– ‘We will go bankrupt’ –Hotel stays will be allowed only for “necessary and expressly non-tourism purposes”. Schools, daycare centres and shops will remain open, however.
Many blue-chip German businesses have also announced sweeping job cuts, including 30,000 at flagship airline Lufthansa, 8,000 at tour operator TUI and 6,000 at carmaker BMW.
👉 I buy Bitcoin and any other Cryptocurrency Bit or Bulk good rates. iBuyFast, iPayFast 👉Also buying Various Funds •Cashapp ✅ • Zelle ✅ • Venmo ✅ • PayPal ✅ Make me your pickup plug 🔌 ®️1Cryptoplug WhatsApp
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFF Confirms Receipt Of $1m FIFA COVID-19 PalliativesNFF Confirms Receipt Of $1m FIFA COVID-19 Palliatives Hmmm! Wonderful! Where did all the money go? This is the palliative I’ve been talking about. Pls confirm the warehouse as well.
Source: channelstv - 🏆 7. / 63 Read more »
We Must Do All To Avert Second Wave Of COVID-19, Buhari Charges NigeriansWe Must Do All To Avert Second Wave Of COVID-19, Buhari Charges Nigerians Ifb assap guys 🥺💯IF 💯Your 🙌Looking🥺 for🥺 Followers 🙌Follow 🥺Me I 🙏Follow Back 🥺Immediately 🙏💯💯promise 💯🙏 SEE HOW FAST 💨I FOLLOW BACK 😞😞🙏🥺⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ You're on twitter and we ain't following each other, o wrong now, common. Let's grow together. I follow back ASAP try my speed🍾❤️
Source: channelstv - 🏆 7. / 63 Read more »
Impact of #ENDSARS protests on Nigeria’s COVID-19 status 'uncertain'Despite the safety breaches at the protests, the daily COVID-19 figures have remained low. Wen edo and ondo did campaign no impact ba? We don't have enough testing capacity anyways. Our young population has been our saving grace. endsars
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Toke Makinwa tests positive to COVID-19The self-acclaimed 'baby girl for life' noted that the second phase of the deadly virus is in town and urged the public to take precautions. The self-acclaimed 'baby girl for life' noted that the second phase of the deadly virus is in town and urged the public to take precautions. No go stay one place First phase ko second phase ni, abeg children want start school. Mitcheeee
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Health Sector Yet To Be Properly Equipped Despite COVID-19 Pandemic – NLCHealth Sector Yet To Be Properly Equipped Despite COVID-19 Pandemic – NLC Naaa, they won't.....they are more focused on regulating social media Anybody expecting changes in the health sector will end up disappointed, because the lips service in this country will make one sick. When they can find their way back to UK
Source: channelstv - 🏆 7. / 63 Read more »
#EndSARS Protest, Covid-19 Push Businesses Toward ExtinctionWith the double barrel of Covid-19 pandemic and the recent civil unrest having its toll on the nation’s economy, businesses across the country are
Source: LeadershipNGA - 🏆 4. / 77 Read more »