BERLIN—Germany’s BDI industry association said on Thursday it expected Europe’s largest economy to grow 3.5 percent this year, giving a more cautious forecast than the government as it warned companies could face another “stop-and-go year” due to the pandemic. “The order books are full, but production is not keeping pace with demand. Pandemic restrictions and supply bottlenecks affect large parts of the economy,” BDI President Siegfried Russwurm said. The BDI forecast is less optimistic than the government’s estimates, published in October, in which Berlin predicted gross domestic product growth to accelerate to 4.1 percent this year from an estimated 2.6 percent in 2021. The industry lobby group said it expected export growth to halve to some 4 percent this year, pointing to supply problems with microchips and other important components which have hit production in Germany’s large automobile sector badly. Russwurm said the Omicron coronavirus variant was clouding the growth …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta