China News Agency, Berlin, September 1st (Reporter Peng Dawei) The German Federal Government's autumn economic forecast released on the 1st showed that the German economy is on the path of recovery.
Among them, after the gross domestic product (GDP) is expected to decline by 5.8% this year, it is expected to usher in a 4.4% growth next year.
German Federal Economy Minister Altmeier said on the same day that the German economy is expected to return to its pre-new crown epidemic level in early 2022.
In the first half of this year, affected by the new crown epidemic, the German economy suffered its worst recession since the end of World War II.
In the second quarter alone, GDP fell 9.7% from the previous quarter.
However, the forecast report released by the German Federal Government on the same day pointed out that Germany had passed the bottom of the economic downturn in May this year, and monthly economic data has shown a significant trend of recovery.
The German Federal Government said on the same day that it is expected that measures similar to the "cities lockdown" measures implemented from late March to April this year are unlikely to be implemented again.
In the next few months, if the number of new infections rises, targeted regional restrictions will be adopted in order to gradually develop the economy.
At the same time, considering the development of the epidemic situation in Germany's main trading partner countries, the process of German economic recovery may continue to move forward at a slow rate.
Altmaier said that after the shutdown this spring, the German economy has begun to catch up, which highlights the strength, resilience and enthusiasm of German companies.
This also shows the unprecedented economic umbrella plan implemented by the German Federal Government and the introduction of an economic stimulus package totaling more than one trillion euros-these have benefited individuals and businesses, and have clearly promoted economic development.
"The road to economic recovery is still relatively long, but we have many reasons to be optimistic." Robert Hermann, general manager of the German Federal Foreign Trade and Investment Agency, told a reporter from China News Agency that as the German economy gradually returns to normal, German-run enterprises from all countries will benefit from it.
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