Home / World News / Germany's Covid-induced Q2 GDP plunge wiped off 10 years of growth: Report

Germany's Covid-induced Q2 GDP plunge wiped off 10 years of growth: Report

The GDP index adjusted for inflation, seasonally and calendar effects decreased to 94.26 in the second quarter

loss, economy, shares, stocks, market, investment, savings, gdp, growth, revenue

Premium

The chain index was lower at 93.19 in the fourth quarter of 2010

1 min read Last Updated : Jul 30 2020 | 2:58 PM IST

The coronavirus-related plunge in Germany's economic output in the second quarter wiped out nearly 10 years of economic growth in adjusted terms, the statistics office said on Thursday.

The GDP index adjusted for inflation, seasonally and calendar effects decreased to 94.26 in the second quarter, the office said. "Most recently, the chain index was lower at 93.19 in the fourth quarter of 2010, so that's roughly 10 years ago."

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in