The restrictive measures introduced by the FRG authorities during the third wave of the coronavirus epidemic, unexpectedly hit the country’s economy. In the first quarter of 2021, the country’s GDP decreased in a quarterly calculus for 1.7 percent, which affected the economies of the state-neighboring states, reports Deutsche Welle with reference to the data of the Federal Statistical Office.
According to statisticians, the cause of the new collapse of the economy was further anti-corridious restrictions, due to which consumer demand was strongly suffered. Previously, the German economy has demonstrated growth for two quarters in a row: in the 4th quarter of 2020 – by 0.5 percent, and in 3rd – by 8.7 percent.
According to economists, the cumulative GDP of the eurozone countries in the first three months of 2021 decreased by 0.6 percent.