Economics
German Economy Shows Resilience to Renewed Virus Slump
- German unemployment unexpectedly declined in November
- Government’s restrictions to last until at least Dec. 20
Factories are benefiting from a rebound in global trade after a slump earlier in the year.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The German economy displayed resilience last month in the face of new virus restrictions, with manufacturing recording solid growth and joblessness unexpectedly declining.
Although restaurants, bars, gyms and cultural venues are closed to try to limit the spread of the coronavirus, factories are benefiting from a rebound in global trade, data released on Tuesday showed. In a separate release, unemployment dropped for a fifth month.