State resolves supply chain issues, Covid surge

A sign showing only the entry “2G”, which is used in Germany for people who have been vaccinated against Covid-19 or who have recently recovered from Covid-19.

Jens Schluter | Getty Images

Germany’s economy grew 2.7% in 2021 after another year of surging Covid-19 cases, pandemic-related restrictions and supply chain strains, preliminary data showed on Friday.

This comes after the largest euro economy shrank by 4.6% in 2020 – the first year of post-Covid full lockdowns and strict social restrictions.

Georg Thiel, president of the Federal Statistical Office, said: “Despite the ongoing pandemic situation, more delivery bottlenecks and material shortages, the German economy has recovered from last year’s sharp downturn, although economic performance has yet to reach that level again. pre-crisis levels,” the office said on Friday, according to a statement.

Growth in Germany in 2021 is still 2% lower than in 2019, the statistics office said, suggesting the economy has not yet recovered to pre-pandemic levels.

Looking ahead, the upcoming economic performance remains clouded by uncertainty.

On Thursday, Germany’s public health agency, the Robert Koch Institute, warned that the number of new Covid cases was continuing to increase rapidly. The latest figures put the number of new infections at around 80,000 a day.

higher deficit