German minister expects 4% post-COVID growth

Europe’s largest economy can expect a strong economic recovery from the coronavirus pandemic, with an even more positive outlook for 2022, Economy Minister Peter Altmaier says.

The German economy will grow between 3 and 4% this year as coronavirus restrictions are lifted, the country’s economy minister said.

“By 2022, Germany will have recovered its old strength,” Peter Altmaier predicted in comments to German tabloid Bild on Saturday.

It is a positive forecast for Europe’s largest economy that shrank by almost 5% last year as entire sectors were put on hold amid the COVID-19 pandemic.

Altmaier’s comments come as nationwide, the number of infections per 100,000 inhabitants over seven days fell to 87.3 on Saturday — 100 infections per 100,000 is the level at which German states can begin removing certain restrictions.

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