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German economy grew 2.7% in 2021 after plunge of 4.6% in 2020 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A worker at Volkswagen’s assembly line in Wolfsburg (Germany), April 27, 2020. Swen Pfoertner/Pool via REUTERS//File Photo

BERLIN (Reuters). The German economy grew 2.7% after plummeting 4.6% during the coronavirus crisis years. Data showed Friday that microchip shortages in Germany had caused a slump in car production and COVID restrictions hampered the recovery of Europe’s biggest economy.

According to a Reuters survey, the preliminary estimate released by Germany’s Federal Statistics Office was consistent with an analyst poll.

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