Germany Lifts GDP Growth Forecasts, Sees Consumer-Led Rebound

29 April 2021

The German government raised its growth forecast for Europe’s largest economy to 3.5% from a previous estimate of 3% as it expects household spending to support the recovery once COVID-19 restrictions are lifted, the economy minister said on Tuesday. Presenting the government’s updated growth forecast, Economy Minister Peter Altmaier said Berlin expected gross domestic product to grow by 3.6% next year and the economy to reach its pre-pandemic level in 2022 at the latest.

Source:  Reuters
Post by : Republic of Turkey Ministry of Trade