The German economy rebounded in the summer but it is unlikely to continue in the fourth quarter due to the recent resurgence of the pandemic, Bundesbank said in its monthly report on Monday.

Despite the very strong growth, overall economic performance in the third quarter was still 4 percent below the pre-crisis level of the final quarter of 2019.

The experts assessed that the catching-up movement will not continue in the final quarter of 2020 for the time being due to the recent resurgence of the pandemic in Germany and in neighboring European countries, as well as the additional containment measures , the central bank said.

Nonetheless, as the measures restricted economic life far less than in March and April, a similarly severe slump as in spring is not very likely.

Moreover, the bank noted that the international production conditions have so far hardly been affected despite the very high number of new infections throughout Europe.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.