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rdf:type	schema:NewsArticle
schema:articleBody	Germany's economy fell more than previously thought in the first quarter as coronavirus restrictions caused a drop in private consumption, revised data showed Tuesday. After two quarters of growth, GDP fell by 1.8 percent between January and March, national statistics office Destatis said in a statement, revising down their initial prediction of a 1.7 percent drop. It was well below pre-pandemic levels, with Covid-19 curbs leading to a 5.4 percent drop in private consumption, according to the data. "Needless to say, the worst quarterly performance of the German economy since reunification was mainly the result of stricter lockdown measures since mid-December," said ING economist Carsten Brzeski, adding that harsh winter weather and a longer-than-usual Christmas break were also factors. Yet he also added that "the potential for a surge in the second quarter has increased", as Germany's vaccination campaign speeds up and the economy begins to open up after months of lockdown. Germany's Bundesbank central bank also predicted a second-quarter bounce last week, saying that Europe's largest economy could even surpass pre-pandemic growth levels from the autumn. The German government's forecasts currently predict 3.5-percent growth in GDP for 2021. jpl-kih/dlc/lth
schema:headline	Virus curbs hit German GDP more than expected in Q1
schema:mentions	Christmas Germany Gross domestic product Lockdown European Union Virus Vaccine Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 German reunification Deutsche Bundesbank
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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