BERLIN Germany's economy shrank by 5.0% in 2020, less than expected and a smaller contraction than during the global financial crisis, as unprecedented government rescue and stimulus measures helped lessen the shock of the COVID-19 pandemic.
PARIS/BERLIN European officials warned against COVID-19 complacency on Thursday and said measures to control a surge in infections as winter approaches must continue despite hopes that new vaccines can bring the pandemic under control.
BERLIN Germany awarded $745 million in funding to biotech firms BioNTech and CureVac on Tuesday to speed up work on COVID-19 vaccines and expand German production capacity.
VIENNA The Austrian economy shrank 10.7% in the second quarter, marking its biggest contraction since the data series began after World War Two, as the coronavirus pandemic hit both domestic and foreign demand, thinktank Wifo said on Thursday.
BERLIN Social distancing measures in Germany will be extended until May 10, Chancellor Angela Merkel's chief of staff said ahead of a high-level meeting on Thursday to review coronavirus lockdown restrictions. | Video
BERLIN Germany's economy minister urged its 16 federal states on Monday to go slowly in lifting coronavirus restrictions to avoid the outbreak spreading further and possibly force them to reintroduce another round of lockdown measures. | Video
BERLIN The German economy grew by 0.6% in 2019, the weakest expansion rate since 2013 and a marked cooling from the previous year, as export-dependent manufacturers in Europe's largest economy faced increased headwinds from trade disputes and less foreign demand.