German Economy Minister Peter Altmaier said on Thursday that he expects the German government to upgrade its GDP growth forecast for 2021 significantly from 3%, Reuters reported.
“Not only will we be able to stop the economic recession this year, but we will also be able to reverse it and regain our old strength next year“Altmaier added.
On Wednesday, Reuters reported that German economic institutes will revise their forecast for growth during 2021 to 3.7% from 4.7%, after the restrictions to contain the infections of the coronavirus, which are being longer than expected.
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