The German economic recovery is likely to accelerate in the third quarter of 2021 if the coronavirus pandemic does not create “significant setbacks,” the country’s central bank, the Bundesbank, has said in its monthly report released Monday.
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“If the conditions were maintained, Germany would reach pre-pandemic levels of real GDP“.
“The significant growth of the German economy in the second quarter thanks to the resurgence of the service industry“.
“The construction sector has also seen a boostdespite the huge price hikes for building materials. “
“The auto manufacturing industry, however, has been struggling as the supply shortage has led to significant losses in turnover and massive delays. “