Bundesbank expects to recover from a deep recession in ‘the coming years’

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The German economy is likely to recover significantly from the deep recession of the corona crisis next year and the following year. The German central bank wrote it in an official release.

By 2020, the Bundesbank expects the economy to shrink by 7.1 percent. But by 2021, the largest economy in Europe should rebound by 3.2 percent and by 2022 by 3.8 percent. In addition, the Bundesbank assumes that a drug against the corona virus will be available in the middle of next year, which would further stimulate the economy. The German government has announced extensive support measures for the economy.


By: Leah Kunze

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