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German Q3 GDP Rebounds At Faster Than Expected Rate

Following the relaxation of Covid-19 restrictions, the German economy rebounded at a faster than expected pace in the third quarter, offsetting a large part of the massive contraction in the second quarter, revised data from Destatis revealed on Tuesday.

Gross domestic product grew 8.5 percent sequentially in the third quarter, reversing the 9.8 percent decline in the second quarter caused by the coronavirus pandemic.

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by RTTNews Staff Writer

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