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German Economy Shrank as Much as 1% in Final Quarter of 2021

  • Gross domestic product rose 2.7% in full year, as expected
  • Recovery from pandemic has fallen behind France, Italy, Spain
Pedestrians cross Alexanderplatz shopping district in central Berlin, Germany, on Jan. 7.

Pedestrians cross Alexanderplatz shopping district in central Berlin, Germany, on Jan. 7.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

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Germany’s economy contracted by as much as 1% in the final quarter of 2021 as the emergence of the coronavirus’s omicron strain added to drags on output from supply snarls and the fastest inflation in three decades.