The German economy will need at least another year and a half to return to the level it had before the corona crisis, according to documents from the German Ministry of Economy.

The budget deficit will rise to 7 percent this year.

The outbreak of the COVID-19 pandemic and subsequent contact-limiting measures took the German economy, the largest in Europe, to be dealt a hefty 5 percent blow last year.

It was the first time in ten years that the German economy contracted.

It is expected that the economy of the eastern neighbors will not recover from that boom this year.

Pre-pandemic levels will not be reached until mid-2022.

The budget deficit for the Germans is expected to be 7 percent of the gross domestic product (GDP) this year, partly because the government is spending billions to keep the economic consequences of the crisis under control.

According to an economist from the German economic ifo institute, the first quarter of this year saw stagnation, or slow economic growth.

This is partly due to the delayed delivery of corona vaccines.

There is also little confidence among the German business community, according to a recent poll by the ifo.