German govt lifts 2021 GDP growth forecast to 3.5%, sees 3.6% in 2022

  • 4/27/2021
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BERLIN, April 27 (Reuters) - 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. For 2022, the government expects gross domestic product to grow by 3.6%, Peter Altmaier, adding that the economy would reach its pre-pandemic level in 2022 at the latest. (Reporting by Michael Nienaber Editing by Riham Alkousaa)

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