German economic recovery is facing challenges
July 08, 2020 09:16 Source: "China Social Sciences", July 8, 2020, No. 1962 Author: Zhao Yuan/Compilation

  Bet365 app download Recent,Report predictions released by the Institute of Economics of Germany,The German economic recession rate in 2020 was 6.8%,and the growth rate in 2021 is 6.3%。Stefan KOOTHS, an economist at the institute, said,The decline and amplitude of German economic activities are unprecedented。Current,The government's economic stimulus plan has not changed this situation,I was ignored because of the core issues of the crisis,That is, the weak global investment is having a negative impact on the export business。

Current,The German economy is slowly recovering,But the full recovery still takes time。In terms of import and export trade,Weak investment global investment is an important constraints for Germany bet365 best casino games exports,And some important export markets are affected more severe than Germany,Resume slow。From the perspective of the year,Exports of Germany in 2020 may drop by 12.5%,It is expected to increase by 8.7%in 2021。

In the field of personal consumption,Affected by the epidemic,Resident consumption is reduced,Savings rate rises sharply,It is expected that the annual savings rate in 2020 will reach 17.3%。Cutters said,With the gradual "unblocking",This bet365 live casino games purchasing power will be released,Consumption level will get quickly。

In addition,Affected by rising unemployment rate,German productivity level has also declined。It is expected that the German unemployment rate in 2020 will increase from 5%in 2019 to 6.1%。

 (Zhao Yuan/Compilation)

Editor in charge: Zhang Jing
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