Finance: Germany sees 5.2% economic following COVID-19 pandemic

According to official estimates, in 2020, Germany’s economy shrank by a shocking 5.2% due to the impact the COVID-19 pandemic had on the country.

The shocking estimates mark the highest drop since the 5.7% drop reported in 2009 when Germany’s GDP greatly declined in the years fourth quarter.

Despite the record drop, Germany is reportedly one of the least affected countries by the COVID-19 pandemic, with an expected 11.3% drop in national output by the United Kingdom.

According to official analysts, Germany’s resilient economy prevented the country from seeing a higher GDP decrease.

In total, Germany has reported 2,003,798 COVID-19 cases, 45,492 fatalities and 1,620,200 coronavirus recoveries.