PARTNER: GERMANY - SERBIA
GERMAN ECONOMY
Uncertainty over Brexit and the trade war between the U.S. and China led to a slowdown for the export-orientated German economy. However, leading German think-tanks suggest that the country's economy is on the road to recovery
September Brings A
DEGREE OF OPTIMISM
O
ne of the characteristics of the crisis caused by the pandemic is that the economies worst hit by it were those that are the most developed and usually demonstrate excellent export results. The German economy, Europe’s largest, contracted by a record 9.7% in the second quarter of 2020, as consumer spending, company investments and exports saw a steep decline due to the Coronavirus pandemic.
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