German GDP up by 2.7 per cent in 2021 as pandemic weighs on economy

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The German economy grew by 2.7 per cent in 2021, after a contraction in 2020, as pandemic restrictions continued to weigh heavily on the economy. The year ended on a downbeat note as, according to a first estimate, gross domestic product shrank in the last quarter of 2021 compared to the previous quarter, the Federal Statistical Office said on Friday. “Economic development in 2021 was still strongly affected by coronavirus infections and measures to protect against them,” said Georg Thiel, the president of the statistics office. In 2020, the year that Germany and many countries in Europe intro…

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