German exports and imports of goods, services collapse in Q2

Kuwait Daily News | Aug 2, 2020 at 2:00 AM
  • The economy contracted at its steepest rate on record in the second quarter as consumer spending, company investment and exports all collapsed during the peak of the COVID-19 pandemic, wiping out nearly 10 years of growth.
  • The number of people out of work fell by 18,000 to 2.923 million people in seasonally adjusted terms, leaving the joblessness rate at 6.4%.
  • The joblessness data boosted hopes that the labour market could get out of the crisis with no more than a black eye.