Gokhan Ergocun
28 January 2022•Update: 28 January 2022
ISTANBUL
The German economy grew 2.8% in 2021, official figures showed on Friday.
The country's gross domestic product (GDP) expanded 1.4% at the last quarter of 2021 versus the same quarter in 2020, the Federal Statistical Office (Destatis) said.
On a quarterly basis, the German economy contracted 0.7% in the last quarter of 2021 due to the new coronavirus variants.
"The GDP in the fourth quarter of 2021 was up by a price-adjusted 1.4% on the fourth quarter of 2020.
"The GDP in the fourth quarter of 2021 was still 1.5% lower than in the fourth quarter of 2019, the quarter before the COVID-19 crisis," Destatis said.
