Krieg, lack of gas, inflation – was there something? If everything is not deceptive, Germany is surprisingly well able to withstand the economic crisis cocktail, which has never existed before. There are more employees than ever, companies are reporting billions in profits, gross domestic product (GDP) is growing faster than expected, and the economic indicators have picked up.
In the coming year, GDP will shrink, economists warn. But what they calculate is a decimal recession. Economic output will fall by 0.2 percent in the coming year before it recovers again, the Economic Experts of the German Council of Economic Experts predict. And the Düsseldorf economist Jens Südekum summarizes: “We may not get the hoped-for corona recovery for the time being, but the current forecasts are not worrying.”
