Germany Pins Hopes for 2021 Rebound on Economy Propped Up by Aid
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January 13, 2021
A t-online news information screen, operated by Deutsche Telekom AG, displaying Germany s Chancellor Angela Merkel wearing a protective face mask at Marienplatz railway station in Munich, Germany, on Tuesday, Jan. 5, 2021. Germany is poised to extend stricter lockdown measures beyond Jan. 10 amid criticism over alleged failures in the governments fledgling vaccination program.
(Bloomberg) Germany’s economy is limping into 2021 heavily bruised by the pandemic, deeply reliant on government aid and in better shape than most of the euro zone.
The nation will probably say on Thursday that gross domestic product contracted less than 6% last year, and may signal that it actually grew in the final quarter. In contrast, economists estimate full-year declines of around 9% for France and Italy and more than 11% for Spain.