Economics
Germany’s Deep Fiscal Pockets Are Keeping a Recovery in Sight
- Support has kept companies afloat, allowing them to refocus
- 2020 GDP probably fell almost 6%, better than most neighbors
On Tuesday, Merkel privately warned that another 10 weeks of lockdown might be necessary to curb the new variant of the coronavirus currently driving higher infection numbers.
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
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.