By Frank Prenesti
Date: Friday 14 Jan 2022
(Sharecast News) - Germany's economy grew by 2.7% in 2021 despite surging Covid-19 and new restrictions and supply chain constraints, according to preliminary official data released on Friday.
The statistics office said that growth was still 2% lower than 2019 pre-pandemic levels. German GDP fell 4.6% in 2020 as the pandemic crippled Europe's largest economy.
"Despite the continuing pandemic situation, more delivery bottlenecks and material shortages, the German economy managed to recover from the sharp fall last year although the economic performance has not yet reached its pre-crisis level again," said Federal Statistical Office president Georg Thiel.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news