Unprecedented stimulus: Chancellor Angela Merkel (seen here) and Finance Minister Olaf Scholz have since March unleashed an unprecedented array of rescue and stimulus measures to help companies and consumers recover as quickly as possible from Germany’s deepest recession on record. — AFP
BERLIN: German retail sales rose much more than expected in August, data showed on Wednesday, raising hopes that household spending in Europe’s largest economy will power a strong recovery in the third quarter from the coronavirus shock.
Chancellor Angela Merkel and Finance Minister Olaf Scholz have since March unleashed an unprecedented array of rescue and stimulus measures to help companies and consumers recover as quickly as possible from Germany’s deepest recession on record.
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