Germany's Q2 GDP Falls 10% Quarter-on-Quarter
[Asia Economy Reporter Jin-gyu Lee] Germany's second-quarter gross domestic product (GDP) decreased by 10.1% compared to the previous quarter due to the impact of the novel coronavirus infection (COVID-19), the German Federal Statistical Office announced on the 30th.
This figure is worse than the minus (-) 4.7% recorded in the first quarter of 2009 during the global financial crisis. It is the steepest decline since related statistics began being compiled in 1970.
Hot Picks Today
!["Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]](https://cwcontent.asiae.co.kr/asiaresize/93/2025050713592847164_1746593968.jpg)
"Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- Jay Y. Lee Bows His Head: "I Will Face the Harsh Storm"...Apologizes for Samsung Labor-Management Conflict
- "Drink Three Cups of Coffee and Stay Up All Night Before the Test"... Manual of Insurance Planner Who Collected 1 Billion Won in Payouts
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- "Wearing a Leather Jacket in 30-Degree Heat, Jensen Huang Enjoys Street Food as Beijing's 'Mukbang Star': 'It's Delicious'"
Since mid-March, Germany closed its borders and controlled public life due to the COVID-19 situation, effectively causing the economy to cease functioning properly. As a result, the unemployment rate, which was around 5% earlier this year, surged to 7.8% in July.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
