FOREX TradingCharts.com

Financial News: German GDP To Fall Significantly In Q2

German GDP To Fall Significantly In Q2

05/18/2020 - 06:48:00 (RTTNews)

(RTTNews) - The German economy is set to see a significant fall in the second quarter despite easing of coronavirus containment measures, the Bundesbank said in its monthly report, released Monday.

"Despite the easing measures that have been introduced, social and economic life in Germany is still far from what was previously considered normal," the bank said.

Although there are many indications that macroeconomic development will improve again in the course of the second quarter due to the easing of containment measures, there is a very high uncertainty about future economic development, the bank noted.

The largest euro area economy had entered a technical recession in the first quarter with the GDP contracting 2.2 percent, the biggest since the global financial crisis in 2008-09.

Bundesbank said the prospects for the labor market for the coming months are also poor.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Private Sector Employment Slumps Much Less Than Expected In May (12 min(s), 28 sec(s) ago)
(RTTNews) - After reporting a record drop in private sector employment in the previous month, payr ...Full Story»

Latvia Industrial Production Falls For Second Month (47 min(s), 28 sec(s) ago)
(RTTNews) - Latvia's industrial production declined for the second straight month in April, da ...Full Story»

South Africa Private Sector Contracts At Record Pace (48 min(s), 28 sec(s) ago)
(RTTNews) - South Africa's private sector contracted the most on record in May as lockdown mea ...Full Story»

Turkey Consumer Price Inflation Rises; Producer Price Inflation Slows (49 min(s), 28 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation increased in May, while producer price inflation ...Full Story»

Eurozone Producer Prices Continue To Fall (01 hr(s), 04 min(s), 28 sec(s) ago)
(RTTNews) - Eurozone producer prices continued to fall in April due to weak energy prices, data fr ...Full Story»

Eurozone PMI Signals Severe Contraction (01 hr(s), 33 min(s), 28 sec(s) ago)
(RTTNews) - The euro area private sector contracted sharply in May, but improved from April as loc ...Full Story»

Italy Jobless Rate Lowest Since 2007 (02 hr(s), 07 min(s), 28 sec(s) ago)
(RTTNews) - Italy's jobless rate decreased to the lowest level in more than twelve years in Ap ...Full Story»

Sweden Service Sector Shrinks At Slower Pace In May (02 hr(s), 20 min(s), 28 sec(s) ago)
(RTTNews) - Sweden's services sector contracted at a slower pace in May, survey data from Swed ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Private Sector Employment Slumps Much Less Than Expected In May

06/03/2020 - 08:24 AM (RTTNews)
(RTTNews) - After reporting a record drop in private sector employment in the previous month, payr ...Full Story>>

Latvia Industrial Production Falls For Second Month

06/03/2020 - 07:49 AM (RTTNews)
(RTTNews) - Latvia's industrial production declined for the second straight month in April, da ...Full Story>>

South Africa Private Sector Contracts At Record Pace

06/03/2020 - 07:48 AM (RTTNews)
(RTTNews) - South Africa's private sector contracted the most on record in May as lockdown mea ...Full Story>>

Turkey Consumer Price Inflation Rises; Producer Price Inflation Slows

06/03/2020 - 07:47 AM (RTTNews)
(RTTNews) - Turkey's consumer price inflation increased in May, while producer price inflation ...Full Story>>

Eurozone Producer Prices Continue To Fall

06/03/2020 - 07:32 AM (RTTNews)
(RTTNews) - Eurozone producer prices continued to fall in April due to weak energy prices, data fr ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.