German economy grew by 2.7% in 2021 amid supply crunch

Economy

Published: 2022-01-14 11:55

Last Updated: 2022-01-17 21:58


German economy grew by 2.7% in 2021 amid supply crunch
German economy grew by 2.7% in 2021 amid supply crunch

The German economy grew by 2.7 percent in 2021, official figures showed on Friday, as the economy battled against widespread supply chain disruptions and a resurgence in the coronavirus pandemic.

"The economic development was highly dependent on Covid-19 infection rates and the associated preventive measures also in 2021," the head of the federal statistics agency Georg Thiel said in a statement.