Vaccine producer BioNTech set to deliver huge boost to German economy

Development and domestic production of  groundbreaking Covid-19 vaccine by German start-up BioNTech could boost economic growth in Europe's largest economy by up to 0.5 percentage points this year, says economist

A German government official said it was absolutely plausible to assume that the BioNTech effect on overall economic growth would easily reach up to 0.5 percentage points this year.

The development and domestic production of a groundbreaking Covid-19 vaccine by German start-up BioNTech could boost economic growth in Europe's largest economy by up to 0.5 percentage points
this year, an economist has said. 

The German economy is seen growing by roughly 4% this year following a pandemic-related plunge by 4.6% last year.