The German government lowered 2022 growth forecast to 3.6%, down from October’s projection of 4.1%. That’s still notably higher that 2021’s preliminary figure of 2.7%.
“The consequences of the corona pandemic are still noticeable and many companies still have to struggle with them,” Economy Minister Robert Habeck said . “Nevertheless, our economy is still robust.”
“During the still-difficult economic rebound phase, we will continue aid programs for companies and furlough policies,” he noted. “With an increasing vaccination rate, it should soon be possible to contain the pandemic in a sustainable manner and to reduce crisis aid. Then the economic recovery will accelerate noticeably.”
