Economy

IfW Institute downgrades German economic growth forecast for 2021

IfW Institute downgrades German economic growth forecast for 2021

The German economy will return to pre-crisis levels later than previously thought - in the second quarter of 2022, the Institute for World Economy in Kiel said, citing industrial supply difficulties. The Institute for the World Economy in Kiel (IfW) has significantly worsened the market outlook for Germany for the current year. At the end of 2021, Germany's GDP will increase by 2.6 percent, experts suggest in a document published on Thursday, September 23. At the same time, economic growth next year will be stronger than previously predicted and will reach 5.1 percent, analysts of IfW...

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