Hence, output returned to its pre-crisis level already in mid-2021. The Institute therefore raises its forecast for economic growth in the current year to 4.5 %. For the coming year, again a growth rate of 4.5 % is expected. With the strong economic recovery, the unemployment rate should fall to 8.1 % in the current year and to 7.2 % next year. Annual inflation in 2021 is projected to climb to 2.6 % on average this year and should then decline to 2.3 %.