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Berlin (dpa) - Federal Minister of Economics Peter Altmaier is optimistic about the economic development shortly before the publication of new forecasts by the federal government.
"Despite the ongoing lockdown situation, the economy is developing stronger than many expected," said the CDU politician to the newspapers of the Funke media group.
“In January we forecast growth of 3 percent.
According to the current figures, it looks even better. "
The federal government will present its spring projection next week.
«There is reason to be optimistic.
This year we will not only stop the economic slump, we will reverse it, ”said Altmaier.
"We will see an upturn this year."
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The emergency brake had "strong effects in the retail, catering and hotel sectors", but other areas such as industry continued to develop well.
Altmaier assured the economy of further support.
"I am fighting for our successful and effective aid program, the so-called Bridging Aid III, to be extended beyond June until the end of the year."
The short-time work regulation has avoided mass unemployment and the world economy is picking up again.
But: "An upswing this year and next does not mean that everyone will be doing as well as they were before the crisis," said the minister.
The pre-crisis level will be reached again “by 2022 at the latest”.
In this drama, many would not have seen the third wave of infections in the corona pandemic coming.
"Nevertheless, the economy is in good shape."
The numbers and the mood in the companies are better than many had predicted.
© dpa-infocom, dpa: 210424-99-333902 / 2