According to first calculations of the Federal Statistical Office (Destatis), the price adjusted gross domestic product (GDP) was 2.7% higher in 2021 than in 2020 (also calendar adjusted). “The economic development was highly dependent on Covid-19 infection rates and the associated preventive measures also in 2021,“ said Dr. Georg Thiel, President of the Federal Statistical Office, at the press conference on the gross domestic product 2021 in Wiesbaden. “Despite the continuing pandemic situation, more delivery bottlenecks and material shortages, the German economy managed to recover from the sharp fall last year ... (full story)