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German Economy Ministry: Significant GDP Increase is Likely in Q3

Adel 14 October, 2021 2:51 pm Market Update

The German Economy Ministry said in its latest report that it expects a significant increase in the gross domestic product in the third quarter of this year, thanks to growth in the service sector.

“Separately, the German economic institutes cut the 2021 growth forecast to 2.4% from the 3.7% previous estimate.

Meanwhile, the country’s highly influential institutes raised the 2022 GDP growth forecast from 3.9% to 4.8%.” German Economy Ministry said

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