Germany predicts April upturn as economy contains damage from pandemic
CGTN Europe
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2m 31s
Germany's economy shrank by 5 percent in 2020, according to new data from Berlin's Federal Statistics Office. The contraction is smaller than some economists had predicted, and less than that recorded during the the 2008 Global Financial Crisis.
Early in the pandemic, some feared that Europe's largest economy would take a severe hit after Berlin announced the first national lockdown that shut factories, retail and hospitality.
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