German industry expects the German economy to grow by 3.5% in 2022

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The German industry association BDI said on Thursday it expects Europe’s largest economy to grow by 3.5% this year, giving a more cautious forecast by the government, as it warned that companies could face another year of business hurdles. due to the pandemic.

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“Order books are full, but production is not in line with demand. Pandemic constraints and supply bottlenecks are affecting large parts of the economy,” said BDI President Siegfried Rasurm.

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The BDI forecast is less optimistic than government estimates released in October, which forecast Berlin to accelerate its gross domestic product growth to 4.1% this year from an estimated 2.6% in 2021.

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Source From: Capital

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