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Germany: Berliners react as country suffers record GDP drop amid pandemic02:47

Germany: Berliners react as country suffers record GDP drop amid pandemic

Germany, Berlin
July 30, 2020 at 18:00 GMT -00:00 · Published

Residents in Berlin shared their thoughts on Thursday as Germany posted a record 10.1 percent drop in GDP in the second quarter of 2020 amid the coronavirus pandemic.

"People should be more careful with the money spent at the moment," said one local, who didn't believe that "it'll take long before everything bounces back," depending on "the coronavirus, if there is a second wave or a third wave even."

Despite considering the current times to be "difficult" another resident said that "you should save a little," and "you can renounce a lot of things," to be "[prepared for] the crises."

Another local man speculated that "many companies will go bankrupt," as several of them "are no longer viable."

One woman shared an optimistic view of the situation, and explained that she though that Germany was handling the economic situation "pretty well."

This view was echoed by another man, who found it "inevitable" to have "an upturn sometime after that," adding that he was "confident that we will go through this."

According to Germany's Federal Statistic Office, the fall in GDP is the sharpest drop since quarterly GDP calculations began in 1970.

Germany: Berliners react as country suffers record GDP drop amid pandemic02:47
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Residents in Berlin shared their thoughts on Thursday as Germany posted a record 10.1 percent drop in GDP in the second quarter of 2020 amid the coronavirus pandemic.

"People should be more careful with the money spent at the moment," said one local, who didn't believe that "it'll take long before everything bounces back," depending on "the coronavirus, if there is a second wave or a third wave even."

Despite considering the current times to be "difficult" another resident said that "you should save a little," and "you can renounce a lot of things," to be "[prepared for] the crises."

Another local man speculated that "many companies will go bankrupt," as several of them "are no longer viable."

One woman shared an optimistic view of the situation, and explained that she though that Germany was handling the economic situation "pretty well."

This view was echoed by another man, who found it "inevitable" to have "an upturn sometime after that," adding that he was "confident that we will go through this."

According to Germany's Federal Statistic Office, the fall in GDP is the sharpest drop since quarterly GDP calculations began in 1970.

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