German Economy Minister Peter Altmaier said in January, Germany gave its forecast of economic growth of 3%, but current data shows that this figure will be even higher.
A Volkswagen car factory. (Image: Reuters) German Economy Minister Peter Altmaier April 24 said the country’s government is aiming to raise the forecast economic growth this year as industries are fighting well with the negative effects of the COVID-19 pandemic. In an interview, Mr. Altmaier said that in January, Germany gave its forecast of economic growth of 3%, but current data shows that the figure will be even higher. Last year, Europe’s largest economy declined 4.9% due to restrictive policies aimed at curbing the spread of COVID-19 translation . The set German Economy It is expected to publish an updated forecast on the economic growth outlook next week. According to Altmaier, Germany has reasons to be optimistic, as the statistics are better than expected amid industries benefiting from the global recovery. However, Altmaier admits that the COVID-19 anti-epidemic restriction policy – which is being tightened in Germany from the end of this week in an attempt to curb the third wave of infections – has particularly seriously affected sectors. sectors such as retail, culinary and hospitality. Still, Altmaier expects Germany’s economy to return to pre-pandemic levels by 2022. Last week, the leading German consulting organizations also warned that the current wave of pandemic will slow the recovery momentum, but it is still expected that Germany’s economy will grow 3.7% this year./.
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