Economic Indicators (Mar 11, 2021 06:45AM ET) © Reuters. FILE PHOTO: The skyline with its financial district amid the outbreak of the coronavirus disease (COVID-19) in Frankfurt
BERLIN (Reuters) – Germany’s IWH economic institute on Thursday cut its 2021 growth forecast for Europe’s largest economy to 3.7% from 4.4% in December as the country risks a third wave of the coronavirus pandemic.
“Especially for Germany, there is a danger that the steps decided at the beginning of March to open up (the economy) will trigger a third wave of infection,” the Halle-based institute said.
The institute was nonetheless more upbeat about the economy’s prospects this year than the government, which is forecasting 2021 growth of 3%, after a 4.9% slump last year.
Germany’s Robert Koch Institute (RKI) has warned of the risk of a third wave of coronavirus infections in Germany.German IWH institute cuts German 2021 GDP forecast Add a Comment