Germany: The German economy will return to its pre-crisis level in the second half of 2022

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With the coronavirus shutdown coming to an end in Germany, many sectors will grow rapidly, the German economy minister said on Wednesday, Peter Altmaier, Reuters reported.

Altmaier further noted that they expect the German economy to return to its pre-crisis level by the second half of next year.

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Market reaction

These comments were largely ignored by market participants. At the time of writing, Germany’s DAX 30 index it was down 1.6% daily to 13,648. Meanwhile, the pair EUR/USD lost 0.45% at 1.2105.

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