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German economy shrank 5% in pandemic year 2020

Germany 2020 pandemic economy
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FRANKFURT – The German economy shrank by 5% in the pandemic year 2020, bringing to an end a decade of growth as lockdowns wiped out much business and consumer activity.The pandemic downturn was smaller than that experienced during 2009, when the economy shrank by 5.7% The state statistics office Destatis said Thursday that only the construction sector showed an upturn as industry and services saw deep declines.

Agriculture, financial services, real estate and information and communication suffered smaller declines. Industry fell 9.7% while services including cultural and sporting events, which have suffered widespread cancellations, fell 11.3%.The 2020 figure compares to modest growth of 0.6% in 2019.

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United States
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Recovered: 0
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Deaths: 608 235
Recovered: 0
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United Kingdom
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Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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