Germany economically more vulnerable to the pandemic than its neighbors

Correspondent in Berlin

This is the worst performance of the European Union: the growth of the German economy was limited to 2.7% last year, according to data published Friday by the Destatis institute.

With more difficulties than its neighbours, it is struggling to overcome the consequences of the health crisis.

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In industry, the benchmark indicator of the country's economic health, the setback is painful.

The flagship national automotive market fell in 2021 to its historic low, with only 2.6 million new registrations (-10%).

In the optimistic version, economists may see these numbers as a leveling effect.

In 2020, the first year of the pandemic, Germany suffered less than France (-8.2%) or Italy (-8.9%), limiting the fall in its GDP to 4.9%.

In 2021, conversely, Paris and Rome report better performance than Berlin.

The fact remains that the health crisis is putting our neighbors to the test more...

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