In Germany, household spending, business investment and exports have collapsed during the COVID-19 pandemic wiping out nearly 10 years of economic growth from the books.
The world's second-largest economy is showing signs of recovery after the pandemic-induced slump. But the outlook remains mixed as imports contracted against predictions of an increase.
New statistics show important economic markers are all up after the economy took a major hit from the pandemic. Hopes are growing for a recovery in Germany and the Eurozone.
Germany has experienced a sharp economic slump, thanks to the coronavirus. Despite growing optimism in recent weeks about a recovery the bad times are yet to come, says DW's Henrik Böhme.
Germany's economic output fell by 10.1% in the second quarter of 2020, the latest economic figures show. More workers in Germany are participating in a furlough program, but the country's unemployment rate held steady.
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