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Germany s economic recovery halted by 2nd Covid lockdown

(MENAFN - IANS) p>Berlin, Feb 16 (IANS) The ongoing Covid-19 measures continue to weigh on the German economy in the first quarter of 2021, according to the monthly economic report published by the Ministry for Economic Affairs and Energy (BMWi). The recovery after the end of the first Covid-19 lockdown in spring last year had largely come to a halt for the time being in the wake of the second lockdown, BMWi noted in the reported published on Monday, Xinhua news agency reported. After a strong increase of 8.5 per cent in the third quarter, Germany s gross domestic product (GDP) only grew by 0.1 per cent in the fourth quarter of last year, according to the Federal Statistical Office (Destatis).

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