German Economy growing faster than Expected


Germany’s economy proved more resilient to the coronavirus than expected at the end of 2020, though extended lockdowns and slow vaccine rollouts mean the start of 2021 still looks bleak.

Official data showed that the German economy grew in the fourth quarter of last year at a faster rate than expected, despite the general closure imposed to combat the spread of the new Corona virus.

The Federal Statistical Office stated in preliminary estimates that the gross domestic product in Germany rose by 0.3% in the fourth quarter of 2020 compared to the previous quarter.

The result violated expectations, as the largest European economy was expected to record 0.1 percent growth.