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10/30, 10:01 AM (Source: TeleTrader)
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German GDP QoQ growth at 8.2% in Q3

Germany's gross domestic product (GDP) adjusted for price, seasonal and calendar variations grew by higher-than-estimated 8.2% in the third quarter of 2020 in comparison to the previous three month period, the country's Federal Statistical Office Destatis said in a preliminary report released on Friday.

Adjusted for price, the GDP dropped 4.1% on an annual basis. Compared to the fourth quarter of 2019, the last one before the coronavirus pandemic hurt the national economy, the price, seasonally and calendar-adjusted GDP declined 4.2%.

Destatis noted that detailed results for the third trimester will be published on November 24.

Breaking the News / MS