Germany’s economy took a massive hit during the pandemic shutdowns
Germany’s economy took a massive hit during the pandemic shutdowns. Output shrank by 10.1% percent during the April-June period from the previous quarter, the country’s official statistics agency said Thursday.
Tough pandemic restrictions shut down everything from taverns to auto dealerships. The country has cautiously reopened and the economy has started bouncing back but economists say it is far from the pre-virus level.