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Germany to Revise Growth Forecast

M. Ali 28 August, 2020 8:57 pm Market Update

The German government is revising its economic growth forecast for 2020, expecting Germany’s gross domestic product (GDP) to contract by less than 6%, compared with previous estimates of a 6.3% contract, Reuters Reported.

Europe’s largest economy contracted by 9.7% in the second quarter of 2020, due to the coronavirus (COVID-19) pandemic.

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