German economic output rose 1.5% during the second quarter of 2021, the Federal Statistical Office reported on Friday. Destatis, the German name for the statistics office, attributed the quarter-on-quarter rise in gross domestic product (GDP) to higher household and government spending after many coronavirus restrictions were lifted. The GDP for the three-month period was up 9.6% compared to the same period in 2020 when Germany went into a hard lockdown, plunging Europe’s largest economy into its deepest recession since the 2009 financial crisis. Will Germany’s GDP continue to grow in 2021? Some analysts see Germany’s economy continuing to rebound strongly this year. Economic forecasting institutes are …
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