Germany saw its deepest economic contraction in more than a decade last year as millions of companies and workers were hit by the coronavirus pandemic.Output shrank 5% amid recurring lockdowns and restrictions, according to a preliminary estimate by the statistics office.

The government ran a budget deficit of 4.8% of gross domestic product, the biggest since 1995.Germany is the first advanced economy to publish full-year figures, and it’s likely to fare better than its major European peers.

Economists estimate France and Italy both posted declines of about 9% and U.K. gross domestic product may have shrunk more than 10%.The pain is extending into 2021 after a new surge in infections forced governments to extend lockdowns.

Read more on livemint.com

All news from livemint.com

The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

COVID-19: Ontario health minister says ‘not in the clear’ yet to end proof of vaccination, masking

As Alberta and Saskatchewan drop most COVID-19 restrictions, Ontario Health Minister Christine Elliott said on Wednesday there was no plan to drop the proof of vaccination or masking requirements yet as the province is “not in the clear” to do so.

Christine Elliott covid-19 vaccine Health

The Healing: Black men yoga takes shape to combat mental health

CHICAGO - When friends Tristan Lewis and Andrew Smith invited a few Black men to take part in a yoga class in Chicago in 2020, they didn’t know it would spur a nationwide movement.The two men created The Healing, a nonprofit aimed at promoting mental health for Black men and offering resources for improvement. Services include events where participants can share with each other about various struggles or sessions with mental health professionals.Most notably, the organization offers virtual yoga classes for Black men with the next one scheduled to place on Feb.

Andrew Smith Usa city Chicago death 2020 Health

Green Day singer Billie Joe Armstrong's stolen classic car recovered in OC

LOS ANGELES, CALIFORNIA - NOVEMBER 24: Billie Joe Armstrong of Green Day performs onstage during the 2019 American Music Awards at Microsoft Theater on November 24, 2019 in Los Angeles, California. (Photo by Kevin Winter/Getty Images for dcp) ORANGE, Calif. - The Costa Mesa Police Department announced Wednesday the cherished classic car belonging to Green Day’s lead vocalist, Billie Joe Armstrong, has been recovered days after it was reported stolen.Green Day, formed in San Francisco's East Bay Area, is a Grammy award-winning rock band whose biggest hits include "Wake Me Up When September Ends," "When I Come Around," and "Holiday." The band's music is also featured in the musical "American Idiot." On the morning of Feb.

Billie Joe Kevin Winter Usa state California San Francisco Los Angeles, state California city Los Angeles, state California county Wake county Green Department reports BAY

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

German economy shrank 5% in 2020 as pandemic shut businesses

Related News