The German economy may be back to pre-corona levels this fall. To do this, the vaccination campaigns must run smoothly, and the corona measures must be further relaxed in the coming months. That says the German central bank.
According to the Bundesbank, the economy will clearly start to gain momentum in the second quarter, helped by industry and construction.
According to the central bank, if the services sector starts to grow strongly again, the size of Europe’s largest economy could be higher again in the fall than before the pandemic.
In the first quarter of this year, the German economy contracted by 1.7 percent compared to the previous period, under pressure from the corona lockdowns.