Slump in consumption, exports push Germany into recession in first quarter

  • 📰 Reuters
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic.

The Federal Statistics Office said capital investments fell by 6.9%, private consumption by 3.2% and exports by 3.1%.

This meant that private consumption took off 1.7 percentage points of overall economic activity and net trade shaved off 0.8 percentage points, leading to a first-quarter contraction of 2.2%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It is desirable for Germany to apply industrial experiments first as a model country for the development of the fourth industry, followed by other countries.

Brexit, now.

Germany entered recession in Q4 and technical recession in Q1. Schuldensuehner nasanasal

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:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: German Bundesliga broadcast uses fake crowd noise, and it's actually greatThe use of fake crowd noise to a German Bundesliga broadcast on FS1 added to the feeling of the game, and made it that much better for the viewer. No it didn't I liked it better with no crowd noise Definitely yes 👍
Source: USATODAY - 🏆 100. / 63 Read more »

Bolivian Orchestra Stranded in ‘Haunted’ German Castle Surrounded by Wolves During PandemicA Bolivian orchestra group has been stranded in a German castle for 73 days after the countries closed their borders during the coronavirus pandemic. The musicians, some of whom are as young as 17 … A remarkable headline Oddly enough, they may be safer there. 😬 Nice!
Source: Variety - 🏆 108. / 63 Read more »

Trump ‘has a point’ on WHO, German health minister saysPresident Donald Trump 'does have a point' about the need to change the World Health Organization, said Germany's health minister Even a broken clock is right twice a day Did he give them ventilators. His countrymen
Source: politico - 🏆 381. / 59 Read more »

I Envy These Bolivian Orchestra Members Quarantining in a German Castle With Ghosts, WolvesCurrently, I am trapped in a tiny apartment above a very loud taco shop with a roommate recuperating from unexpected shoulder surgery, surrounded by thousand empty cans of PBR. I would much prefer to be at Rheinsberg Palace in Germany, permanent home to ghosts and wolves, and now the temporary home of several dozen members of a Bolivian orchestra. That’s right—ghosts and wolves. The Joan Aiken novel of my dreams!
Source: Jezebel - 🏆 153. / 63 Read more »

Franco-German 500 billion euro recovery fund step towards EU fiscal union: CentenoEurogroup chief Mario Centeno said plans by Germany and France to set up a 500 billion euro ($545 billion) recovery fund to cope with the coronavirus pandemic would be a step towards a fiscal union of the bloc.
Source: Reuters - 🏆 2. / 97 Read more »

DJs play to a socially distant crowd at German clubClubbers were limited to moving inside individual circles spaced out on the dance floor, and had to wear face masks. I bet it was 🔥, lmao Whoa, that’s not where this link goes. Fear is the first step to failure, I never believed bitcoin investment was real until I was introduced to crytolinda and now I'm currently earning $9000 on a weekly basis
Source: NBCNews - 🏆 10. / 86 Read more »