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German economy

German economy to shrink by 2pc in first quarter
World

German economy to shrink by 2pc in first quarter

  • The biggest downside risk remains the development of the coronavirus pandemic. The question how quickly the economy can get to normal mainly hinges on the vaccination progress.
  • Council member Veronika Grimm said the AstraZeneca shot was needed to speed up Germany's already slow vaccination campaign.
Published 17 Mar, 2021 06:10pm
Germany dashes hopes of businesses for quick reopening of economy
World

Germany dashes hopes of businesses for quick reopening of economy

  • The minister said he recognised that lots of businesses were desperate for a prospect of an end to the current lockdown.
  • The number of new daily infections in Germany has been falling in recent weeks, down to 3,856 on Tuesday, or a national incidence of 59 cases per 100,000.
Published 16 Feb, 2021 06:27pm
German government sees 2021 GDP growth of 3pc
World

German government sees 2021 GDP growth of 3pc

  • German Economy Minister Peter Altmaier is due to present the government's official forecast next week. The new number was first reported by Der Spiegel magazine earlier on Friday.
  • The government introduced a lockdown in November, and tightened measures further in December and January.
Published 22 Jan, 2021 04:43pm