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- German economy to reach pre-crisis level in 2021 if COVID is under control - DIW
German economy to reach pre-crisis level in 2021 if COVID is under control - DIW
Reuters reports that the DIW economic institute said that Germany’s economic output could return to pre-crisis levels toward the end of 2021.
The German economy will grow by 5.3% next year, after shrinking by 5.1% in 2020 as two lockdowns to curb infections hit growth in Europe’s largest economy, DIW said.
“If this is not successful and the restrictions continue well into spring, economic output in Germany in 2021 could be one and a half percentage points lower than in the more optimistic scenario,” DIW said in a statement.
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