Connect with us

Business

Germany’s economy contracted by 5% in 2020 as coronavirus lockdowns hit growth – CNBC

Germany’s economy contracted by 5% in 2020, according to full-year GDP (gross domestic product) data released on Thursday.

Published

on

post featured image
ADVERTISEMENT

German Chancellor Angela Merkel takes off her face mask as she gives a press conference on the actual situation amid the novel coronavirus / COVID-19 pandemic, following a meeting with her so-called Corona-Cabinet, on November 2, 2020 in Berlin.
Germany’s economy contracted by 5% in 2020, according to full-year GDP (gross domestic product) data released on Thursday.
The preliminary figures, which were slightly better than the 5.1% forecast, come after a year of economic turbulence for Germany, and…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Bitcoin price bounces above $32K as MicroStrategy ‘buys the dip’ with $10M – Cointelegraph
post featured image
Coronavirus updates: Biden’s ambitious plan will take time; Florida combats ‘vaccine tourism’ by limiting shots to residents – USA TODAY
post featured image
Countries worldwide look to acquire the IP of Covid-19 vaccine makers to fight the pandemic – CNBC