German Economy Shrank 0.7 Percent in 4th Quarter as COVID-19 Resurged

German Economy Shrank 0.7 Percent in 4th Quarter as COVID-19 Resurged
Containers are handled at a logistic port in Duisburg, Germany, on Jan. 25, 2022. Martin Meissner/AP Photo
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BERLIN—The German economy shrank by 0.7 percent in last year’s fourth quarter amid a resurgence in coronavirus infections and new restrictions, official figures showed Friday.

The quarter-on-quarter decline reported by the Federal Statistical Office followed two quarters of solid gains that came despite persistent supply bottlenecks.