You will hear it more often today: a strong rebound after the historic slump. A headline which probably fits on all third-quarter GDP data releases for Western economies. It also fits Germany. The eurozone’s largest economy staged an impressive rebound, growing by 8.2% quarter-on-quarter in the third quarter, from -9.7% in the second. On the year, the economy has still lost more than 4%. Details will only be released in two weeks from now but it is obvious that the growth surge was driven by all sectors, as the entire economy benefitted from a lifting of the lockdown measures. Looking ahead, hard economic data and ... (full story)