Germany Seen Revising Upward Its 2020 GDP Forecast – Source

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August 28, 2020

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%, a coalition source told Reuters on Friday.

Reuters
Last Updated: August 28, 2020, 6:10 PM IST
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BERLIN: 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%, a coalition source told Reuters on Friday.

Economy Minister Peter Altmaier is scheduled to present the revised outlook early next week, the source added.

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.

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Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Germany Seen Revising Upward Its 2020 GDP Forecast – Source

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%, a coalition source told Reuters on Friday.

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