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German economy grew by 2.7 percent in 2021

Germany grew by 2.7 percent in 2021, despite the Kovid-19 outbreak and supply shortages.

German economy grew by 2.7 percent in 2021

Germany's Federal Statistical Office (Destatis) announced the country's leading GDP figures for 2021. Accordingly, Germany's GDP increased by 2.7 percent last year. Due to the crisis, it shrank by 4.9 percent in 2020 and the growth trend that had been going on for 10 years was over.
Making statements about the annual growth rate, Destatis President Georg Thiel stated that the economic growth in 2021 largely depends on the Kovid-19 case rates and the measures implemented. reminded that it is still below 2 percent in 2019 before the epidemic.

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