Stable infection rates encouraged the country to relax coronavirus restrictions in early May, allowing factories, shops and restaurants to reopen."The economy already began picking up in the course of the second quarter."
Altmaier's ministry forecasts that German output will contract by 6.3 per cent in 2020 before expanding by 5.2 per cent in 2021. As an export powerhouse, Germany is highly vulnerable to virus setbacks in other countries that could lead to renewed shutdowns that once again disrupt supply chains and suppress demand.
Car manufacturing alone fell 40 per cent year-on-year over the first six months of 2020, a 45-year low.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Digitalisation of local SMEs could add up to US$24b to GDP by 2024: surveyHIGHER revenue and productivity gains from digital transformation by small and medium-sized enterprises (SMEs) could add as much as US$24 billion to Singapore's gross domestic product (GDP) by 2024, helping the country rebound from the Covid-19 pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Half of coronavirus patients given ventilation died: German studyBERLIN (AFP) - One in five patients hospitalised in Germany over the coronavirus succumbed to the disease, with the fatality rate rising to 53 per cent for those who received ventilation, a study showed Wednesday (July 29).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Half of coronavirus patients given ventilation died: German studyOne in five patients hospitalised in Germany over the coronavirus succumbed to the disease, with the fatality rate rising to 53 percent for those who received ventilation, a study showed Wednesday. Data of 10,000 patients admitted to 930 German hospitals between February 26 and April 19 were analysed
Source: YahooSG - 🏆 3. / 71 Read more »
German ministers face grilling over Wirecard collapseGermany's finance and economy ministers will be grilled by lawmakers on Wednesday about the massive fraud scandal that brought down payments ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Spain slams British, German travel advisories as discriminatorySpain reacted with outrage on Tuesday to recommendations from Britain and Germany that their citizens avoid its islands and beaches because of an ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Angry with UK's travel restrictions, Spain now faces further loss of German touristsMADRID (BLOOMBERG) - Spanish Prime Minister Pedro Sanchez, who responded angrily to the United Kingdom ratcheting up its travel ban to Spain to include popular holiday islands, now faces the prospect of losing German tourists in the busiest summer month as well.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »