MOSCOW (Pakistan Point News / Sputnik - 30th October, 2020) Germany's GDP have declined by 4.1% on an annualized basis in the third quarter of 2020, according to data from the country's Federal Bureau of Statistics (Destatis).
The yearly rate fell by 4.3% in the third quarter.
In quarterly terms, the GDP of Germany in the third quarter grew by 8.2%, when compared to expected increase of 7.3%.
In the second quarter, German GDP declined by 9.8% on a seasonally adjusted quarterly basis. Based on annual rate, the indicator fell by 11.3%, taking into account seasonal adjustments - also by 11.3%.
