Gross domestic product: detailed results on the economic performance in the 1st quarter of 2021

The gross domestic product (GDP) fell by 1.8% in the first quarter of 2021 on the fourth quarter of 2020 after adjustment for price, seasonal and calendar variations. After the German economy had somewhat recovered in the second half of 2020 (+8.7% in the third quarter and +0.5% in the fourth quarter), the coronavirus crisis caused another decline in economic performance at the beginning of 2021. The Federal Statistical Office (Destatis) reports that the decrease was slightly larger than reported in the first release of 30 April 2021. Compared with the fourth quarter of 2019, the quarter before the corona crisis … (full story)

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