Pandemic drives Germany to highest deficit in 30 years: statistics office Reuters 2 hrs ago © Reuters/THILO SCHMUELGEN FILE PHOTO: Germany before the new coronavirus disease (COVID-19) lockdown in Cologne
BERLIN (Reuters) - Germany s public sector deficit reached 189.2 billion euros ($225 billion) in 2020 thanks to the coronavirus pandemic, the first deficit since 2013 and the highest budget shortfall since German reunification three decades ago, the Statistics Office said.
The pandemic, which has so far claimed more than 77,000 lives in Germany, has devastated Europe s largest economy, even though it has proven more resilient than many expected, partly because of continuing strong export demand from China.
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Germany suffers highest deficit in 30 years due to pandemic
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