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Germany’s GDP data for the whole year



German Chancellor Angela Merkel took off her face mask while giving a press conference on the real situation against the background of the new coronavirus / COVID-19 pandemic, after a meeting with her so-called Crown Cabinet on November 2, 2020 in Berlin.

Kay Nitfeld AFP | Getty images

The German economy contracted by 5% in 2020, according to GDP data for the whole year (gross domestic product), published on Thursday.

The preliminary figures, which are slightly better than the 5.1

% forecast, come after a year of economic turbulence for Germany and the rest of the world, as the coronavirus pandemic has disrupted business disruptions and major economic conditions.

Coronavirus cases have led to several blockages in public life and economic activity in Germany. Chancellor Angela Merkel announced last week that the latest blockade would be extended until the end of the month.

Amid growing concerns about the spread of a more virulent version of the virus, originally identified in the UK, the German newspaper Bild reported earlier this week that Merkel had told a meeting of her Christian Democratic Union lawmakers that the current blockade could lasted until early April.

On Thursday, Germany reported more than 25,000 new cases of coronavirus in the last 24 hours, bringing the total to 1,978,590, according to the Robert Koch Institute.


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