Sunday, August 14, 2022
Outney
  • Home
  • World
  • Lifestyle

    Trending Tags

    • Pandemic
  • Business
  • Entertainment
  • Sports
No Result
View All Result
  • Home
  • World
  • Lifestyle

    Trending Tags

    • Pandemic
  • Business
  • Entertainment
  • Sports
No Result
View All Result
Outney
No Result
View All Result
Home World

“No complete normalization of the situation is expected”! Forecasts for economic development in Germany decrease significantly – Outney.net

Jennifer Byrne by Jennifer Byrne
October 15, 2021
in World
0
Energji
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Economic research institutes in Germany have significantly lowered economic expectations. They now expect Gross Domestic Product to grow by 2.4 percent in 2021, following a 3.7 percent forecast in the spring.

In the view of major economic research institutes, growth in Germany this year will be significantly slower than originally expected.

In their autumn report published on Thursday (October 14th), experts forecast a 2.4 percent increase in Gross Domestic Product. In the spring of this year, after the downturn caused by the crown in the economy in 2020, the institutes were still expecting a growth of 3.7 percent. In 2020 as a whole, Gross Domestic Product fell by 4.9 percent.

Supply difficulties weigh on the economy

The economic situation continues to be burdened by the corona crisis, in addition to supply difficulties, the explanation said. The crisis is gradually being overcome. “However, in the manufacturing sector, supply difficulties for intermediate products are hampering production, so only the consumer-related service sectors are growing.” Moreover, due to the ongoing pandemic, “a full normalization of contact-intensity activities is not expected in the short term.”

Therefore, the German economy is unlikely to “return to normal capacity utilization” by 2022, researchers predict. For 2022, they expect significant economic growth of 4.8 percent. In the spring, they still forecast a plus of 3.9 percent next year – they thought the economic recovery of the German economy after the election would be postponed.

Lack of raw materials is another problem

Some economists and business associations have lowered their forecasts in recent weeks. The situation is also aggravating Germany’s significant exports, which lost momentum in August. For the first time since May 2020, companies exported less abroad than a month ago, the Federal Bureau of Statistics reported last Friday based on preliminary data. However, exports were still above the pre-crisis level of February 2020. “Rising commodity prices and a lack of containers are making international business more difficult, causing prices to skyrocket for all market players,” he said. describes the current situation Dirk Jandura, president of the German Foreign Trade Association (BGA).

At the same time, the lack of raw materials is causing problems for enterprises. The Federation of German Industries (DUI) has stated: “Problems in global supply chains, high logistics costs and unresolved trade disputes are obscuring the economic sky and resulting in a massive impact on exports.”

The so-called joint diagnosis of institutes is prepared twice a year, in spring and autumn – by the German Institute for Economic Research, the Ifo Institute, the Institute for World Economy, the Leibniz Institute for Economic Research in Halle and the RWI – Leibniz Institute for Economic Research in Essen ./DW

To be part of the group »AOL“just click: Join Group and your request will be approved immediately.
Outney

.

Related Posts

Whatsapp Image 2022 08 14 At 6.24.05 Am
World

An American tourist dies in Rio de Janeiro after being shot by a stray bullet – Outney.net – News24

by Jennifer Byrne
August 14, 2022
Wireap 264766b250a74b1eaa1a3c38265bf79c 16x9 992
World

8 Israelis injured by shooting in Jerusalem – Outney.net – News24

by Jennifer Byrne
August 14, 2022
Jbx4boygebidznge6m5vpwogli
World

At least 50 dead so far from seasonal floods in Sudan – Outney.net – News24

by Jennifer Byrne
August 14, 2022
Capture
World

Wounded Selman Ruzhdie a day ago, the author of the attack is accused of attempted murder – Outney.net – News24

by Jennifer Byrne
August 13, 2022
55554
World

Russia does not stop, hits residential areas in Ukraine – Outney.net – News24

by Jennifer Byrne
August 13, 2022
Next Post
246018871 862361751335929 4092952470357808023 N 780x439

Video / Police kick a colored homeless man in the face in Indiana - Outney.net

Climate crisis / Queen Elizabeth sharply criticizes world leaders: Talk a lot, but do nothing!  - Balkanweb.com

Climate crisis / Queen Elizabeth sharply criticizes world leaders: Talk a lot, but do nothing! - Outney.net

Shba Vikt 696x392

Covid-19 / From November 8 US fully opens borders for all vaccinated - Outney.net

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Technology
  • World

Browse by Tags

Array

Categories

  • Technology
  • World

Browse by Tag

Array

Recent Posts

  • An American tourist dies in Rio de Janeiro after being shot by a stray bullet – Outney.net – News24
  • 8 Israelis injured by shooting in Jerusalem – Outney.net – News24
  • At least 50 dead so far from seasonal floods in Sudan – Outney.net – News24

© Outney 2021. All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Business
  • Entertainment
  • Sports

© Outney 2021. All Rights Reserved.