Market news
18.03.2021, 09:20

German economy likely to return to pre-crisis levels in 2021 - IfW

Reuters reports that IfW economic institute said that German economy will likely grow by 3.7% in 2021 and reach its pre-crisis levels before year-end, as the progress of the vaccination campaign should help exports and consumption to grow.

IfW revised up its forecast from December, when it had predicted a 3.1% growth. For next year, IfW said it expected the economy to expand by 4.8%, which is above the previous forecast of 4.5% from December.

In 2020, Europe's largest economy shrank by 4.9% due to the pandemic.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location