Table of Contents
ToggleGerman central bank: The economy may grow less than our expectations in 2021
The German Central Bank warned, “Bundesbank,” that “Germany’s economy may grow this year at a slower pace than its expectations, due to the renewed infections of the Corona virus, which are likely to impose pressure on the economy in the fall.”
The German Central Bank indicated, in a statement, that “the gross domestic product may grow by about 3.7% this year, and by 5.2% in 2022,” stressing that “the growth of the German economy may be strong in the summer of this year, the weak performance in The first weeks of recovery could affect the reading for the whole year.”
He also confirmed his previous estimates that “inflation may reach the level of 5% by the end of this year, a level that exceeds the target of the European Central at 2%.”