The German economy grew by 8.2 per cent in the third quarter of 2020 as the country enjoyed a period of relief from virus restrictions, official data showed Friday.
Federal statistics agency Destatis said the growth, coming after a historic slump in the second quarter, was based on "higher final consumption expenditure of households, higher capital formation in machinery and equipment and a sharp increase in exports".
Overall, the German government expects the economy to shrink by 5.5 per cent in 2020, Economy Minister Peter Altmaier said.
(Published 30 October 2020, 10:14 IST)
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