Economic Outlook

Joint Economic Forecast 2/21: Crisis is gradually being overcome – align actions to lower growth

Authors

  • Oliver Holtemöller
  • Prof. Dr. Martin Gornig
  • Torsten Schmidt
  • Timo Wollmershäuser
  • Stefan Kooths
Publication Date

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be ex­pected in the short term. In addition, supply bottlenecks are ham­pering manufacturing for the time being. The German economy will reach nor­mal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes forecast that Gross Domestic Product (GDP) will rise by 2.4% in 2021 and by 4.8% in 2022.

Kiel Institute Expert