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Germany 2020 GDP data



German Chancellor Angela Merkel takes off the mask while announcing the real situation amid the novel coronavirus / COVID-19 outbreak following a meeting with cabinet ministers called corona on November 2, 2020 in Berlin.

Kay Nietfeld | AFP | Getty Images

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

The preliminary figures, slightly better than expectations of 5.1

%, came after a year of turbulence in the economy of Germany and the rest of the world as the coronavirus outbreak had disrupted businesses and massive economies.

The coronavirus cases have prompted the blocking of many public life and economic activities in Germany. Prime Minister Angela Merkel announced last week that the latest jailbreak would be extended until the end of the month.

Amid growing concerns about the spread of the increasingly violent virus initially stated in Britain, German newspaper Bild reported earlier this week that Merkel had told a meeting of lawmakers. From her Christian Democratic Union party that the current shutdown may last until Early April

On Thursday, Germany reported more than 25,000 new coronavirus cases in the past 24 hours, with a total number of cases of 1,978,590, the Robert Koch Institute data showed.


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