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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.

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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…

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