The German economy failed to return in 2021 to the size it was before the coronavirus pandemic, as microchip shortages hit automotive production and further restrictions on COVID-19 slowed the recovery of Europe's largest economy in the final months of last year.
Gross domestic product rose 2.7 percent in 2021 after plunging 4.6 percent in the first year of the koruna crisis in 2020, preliminary data from the German Federal Statistical Office released on Friday showed. [THE FIGURES, WHICH WERE IN LINE WITH ANALYSTS' FORECASTS IN A REUTERS POLL, SHOW THAT GERMANY'S ECONOMIC OUTPUT IS ABOUT 2 PERCENT BELOW PRE-CRISIS LEVELS IN 2019, AN
(CNA)
CNA - Reuters
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA
Source
