Joint Economic Forecast 2/21: Crisis is gradually being overcome – align actions to lower growth - Kiel Institute

Authors

Holtemöller
O.
Gornig
P.D.M.
Schmidt
T.
Wollmershäuser
T.
Kooths
S.

Publication Date

10/2021

Key Words

Corona crisis

COVID19

Related Topics

Labor Market

Growth

Fiscal Policy & National Budgets

Economic & Financial Crises

Business Cycle Germany

Business Cycle

Germany

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be expected 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.

Kiel Institute Expert

Prof. Dr. Stefan Kooths

Research Director

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Subject Dossiers

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Economic Outlook
© Erik Cleves Kristensen CC BY 2.0

Economic Policy in Germany
© European Union 2016, Source EP

Tension within the European Union

Research Center

Macroeconomics