According to German Finance Minister Olaf Scholz, the German economy will return to pre-corona levels by early 2022.

For this, the right support measures must be taken, he says in conversation with

Reuters on

Monday

.

"We see that the economic recovery is proceeding well. That is a hopeful sign," said Scholz.

As long as the recovery can be supported, the German economy will be back to pre-corona levels by early 2022 or even earlier, the minister promises.

For example, the government wants to accept new debts.

Germany recorded an economic contraction of 10.1 percent in the second quarter.

Although the gross domestic product (GDP) fell less sharply than in France or Spain, the contraction was greater than in the Netherlands.

Here the economy shrank by 8.5 percent compared to the previous quarter.