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.
“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.
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.
Source From: Capital