Joint Economic Forecast 2/2021

Crisis is gradually being overcome

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be ex¬pected in the short term.

In addition, supply bottlenecks are ham­pering manufacturing for the time being. The German economy will reach nor­mal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes forecast that Gross Domestic Product (GDP) will rise by 2.4% in 2021 and by 4.8% in 2022.

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