German GDP saw 8.2Percent bounce-back during the third quarter

BERLIN — The German economy bounced back strongly in the next quarter in comparison with the previous 3 months, once the nation was struck by the first wave of this coronavirus pandemic, according to official statistics released Friday.

Germany’s Federal Statistical Office said the country’s gross domestic product grew by 8.2percent from July to September in comparison to the second quarter.

Economy Minister Peter Altmaier said the information was much better than forecast and the government now expects a full-year decrease in GDP of 5.5 percent, better than the government’s prediction in September of a 5.8percent drop.

German GDP is predicted to grow 0.4percent in the fourth quarter, less than previously anticipated as a result of the current upsurge in fresh COVID cases.

Altmaier said officials expect the economy to have been retrieved from the effect of the pandemic by 2022.