(27/04/2021) Previous Forecast
Germany is battling an aggressive third wave of COVID-19 infections, which has been worsened by the highly infectious B117 variety, which was initially detected in the United Kingdom, and the sluggish introduction of pandemic vaccinations.
Economy Minister Peter Altmaier presented the German government's new growth estimate, predicting that GDP would expand by 3.6 percent next year and that the economy would reach its pre-pandemic level by 2022 at the earliest.
Also, several German firms have already said that supply issues with chips and other components would result in lower-than-expected second-quarter output.
(11/06/2021) New Forecasts
Bundesbank: GDP in Germany is expected to grow 1.7% in 2023, up from 1.8% in the previous year.