Germany experiences highest deficit in three decades

Germany experiences highest deficit in three decades

1 views

Pandemic brings the highest deficit in Germany in thirty years. According to the statistics, the country has experienced the worst budget loss since the German reunification in three decades. The records say that the first time Germany faced its deficit was in 2013. After that, the public sector deficit of the country hit 189.2 billion euros in 2020 due to COVID-19.

Germany has faced a huge loss of lives due to the pandemic that is 77,000 which destroyed the largest economical grounds of Europe. However, the country is doing everything in the power to control the third wave of coronavirus to keep business running.

About author

Rava Desk

Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *