The German economy fell by 3 3 in the first quarter, why did the GDP become even higher, exceeding 1

Germany's economy is declining, and GDP has become very high, because the Bundesbank has issued a lot of money during the epidemic to help people during the epidemic, and the central bank has opened up printing money and sent money to residents in the form of bailouts, so the GDP has become very high.

Because of the epidemic in Germany, many people have died in their country, so their population base is relatively small, and their country has a relatively small population and a more developed economy, so its GDP is very high.

The main reason is that residents have taken out their own family savings to spend, so their GDP has increased instead of decreasing.

It is mainly because of the post-epidemic period that Germany's economy recovered, so GDP grew rapidly. According to the latest data released by the German Ministry of Statistics, the latest quarter of Germany's GDP growth, the best GDP performance during the epidemic, in which personal consumption increased by 10%, while investment increased. The relevant departments in Germany said that the rapid economic data was mainly due to the effective control of the epidemic in Germany, coupled with the sharp increase in consumption and exports, which made up for the decline gap caused by the epidemic, resulting in a sharp decline in the German economy compared with the second quarter, and the economic data in the third quarter was greatly increased.

However, with the arrival of winter, the epidemic continues to spread in Europe, which also brings a shadow to Germany's economic recovery. It is reported that since November, all public places in Germany, including restaurants and bars, have been closed, and only some shops and schools are still open, and the latest news from the German Chancellor said that the social lockdown order will last until December. According to the well-known economist Michelsen, due to the recurrence of the winter epidemic, the German economy may recession again in the future, and the German bank also said that the German economy is at risk of contracting in the fourth quarter, and German GDP may fall by about 1% in this quarter.

Relevant analysts also said that the most severely affected by the epidemic lockdown will be Germany's service industry, the sharp contraction of the service industry will drag down the growth of German GDP in the fourth quarter, and the lockdown policy of other EU countries will also affect Germany's export industry, and the German economy may face a big blow in the new quarter in the future.

Some business analysts have also lowered the German business climate indicator to a figure that is even much lower than economists expect, with the restaurant and hotel industries facing the most severe impact. In addition to Germany, the rest of the EU will also face a certain degree of recession, and the entire EU economy will face greater challenges.

Germany adjusted prices, seasons and working days so much that GDP rose in the third quarter in a record quarter-on-quarter increase. In the second quarter, the German economy recovered strongly after exceptional circumstances led to a record quarter-on-quarter**. According to the final data released by the German Federal Statistical Office on the 24th local time, after **, seasonal and working day adjustments, affected by the increase in private consumption, business investment and exports, Germany's GDP in the third quarter of this year increased month-on-month, the highest increase in history, and exceeded the previously expected growth.

However, compared to the previous level in the fourth quarter of 2019, it was still down 4%. At the same time, due to the new lockdown measures imposed in Germany from November 2 and the temporary decision to extend it until December 20, many economists believe that the recovery of the German economy will slow down in the fourth quarter, and the GDP may stagnate. Although Germany's GDP is growing faster than Japan's, it is impossible to surpass Japan in the short term.

Previously, according to the IMF**, Germany's GDP will exceed 4 trillion US dollars, but judging from the actual results released by Germany, Germany's total annual GDP is only 3,388.2 billion euros, which is equivalent to about 3,870.7 billion US dollars according to the current exchange rate between the euro and the US dollar. This is a difference of $159.3 billion from the previous IMF** figure. Japan's real GDP has not yet been released, but it can be roughly inferred from the relevant data that Japan has lowered its forecast for real GDP growth in the fiscal year.

In the past few years, Japan's GDP was trillions of dollars, and according to the growth rate announced by the Bank of Japan, Japan's actual GDP will be about one trillion dollars. In other words, Japan's GDP is higher than that of Germany, and it can be seen that the gap between Germany's total GDP and Japan's is still relatively large. Based on the current GDP growth rate of the two countries, it will take some time for Germany to catch up with Japan.

Germany has a very high level of industrial technology and a solid industrial base, and for such a country, the temporary GDP level is not as sensational as China's.

On the other hand, Germans are not very keen on overseas economic expansion, such as emerging markets such as China and Brazil, which they do not care about as much as France and the United States, and the main markets of large German enterprises are still in the traditional developed countries of Europe and the United States.

If you want to get out of the downturn, you must either wait for the recovery of Europe and the United States, or break the shackles of thinking and open up vigorously.