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German business morale rises unexpectedly in December

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As 2020 ends, a new survey shows German business morale in December is surprisingly high, thanks to a mix of government aid and strong demand from China

FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease continues in Frankfurt, Germany, October 26, 2020, REUTERS/Kai Pfaffenbach

Germany imposed a hard lockdown on Dec. 16 that forced all non-essential businesses to shut to bring down stubbornly high infection numbers and record-high deaths. Melanie Debono, Europe economist at Capital Economics, said the survey suggested that Germany could avoid a contraction in the fourth quarter.

The combination of government aid and demand for German goods from a recovering Chinese economy were limiting the damage from lockdown measures, said Thomas Gitzel, chief economist at VP Bank Liechtenstein.

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thanks for this news

Please retweet my friends daughters Christmas wishlist

IFB Khalifa_Yaro

this is terrible news

Definitely the news that German needs right now. We are focusing again to build what lost in the last 9 months. Especially Automotive industry, I believe the the German will get back their economical power. Germany automotiveindustry

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