{"id":41993,"date":"2021-02-24T17:15:32","date_gmt":"2021-02-24T13:15:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41993"},"modified":"2021-02-24T17:15:47","modified_gmt":"2021-02-24T13:15:47","slug":"strong-exports-and-construction-boost-the-german-economy-in-the-q4-of-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/strong-exports-and-construction-boost-the-german-economy-in-the-q4-of-2020\/02\/24\/market-updates\/","title":{"rendered":"Strong Exports And Construction Boost The German Economy in The Q4 of 2020"},"content":{"rendered":"\n<p>Strong exports and solid construction activity helped the German economy grow 0.3%, better than expected, in Q4 of last year, but tightening isolation measures in the country and abroad clouded the prospects for Europe&#8217;s largest economy.<\/p>\n\n\n\n<p>The data released by the Federal Statistics Office today, Wednesday, represents an upward revision to an earlier estimate of 0.1% growth over the past quarter.<\/p>\n\n\n\n<p>The office also revised up the GDP figure for the whole year of 2020 to -4.9% from -5.0%.<\/p>\n\n\n\n<p>After adjusting in the light of calendar factors, the German economy shrank 5.3% last year, which is a much smaller contraction compared to many European countries, supported by a strong financial response to the damage caused by the Covid-19 pandemic.<\/p>\n\n\n\n<p>The office said generous debt-financed spending caused a total deficit in the state budget of 139.6 billion euros, or 4.2% of GDP in 2020, the first since 2011 and the second-highest since German reunification.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong exports and solid construction activity helped the German economy grow 0.3%, better than expected, in Q4 of last year, but tightening isolation measures in the country and abroad clouded the prospects for Europe&#8217;s largest economy. The data released by the Federal Statistics Office today, Wednesday, represents an upward revision to an earlier estimate of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839],"class_list":["post-41993","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41993"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41993\/revisions"}],"predecessor-version":[{"id":41994,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41993\/revisions\/41994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}