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German economic growth is expected to be 3.5% in 2021 and 3.6% in 2022, according to the spring forecasts published by the Ministry for Economic Affairs and Energy Tuesday. Projections are based on a gradual easing of restrictions in Q2 and a recovery of domestic demand and private consumption thereafter.
Industrial activity and the wider global environment will be important drivers in the current year, the report said.
"Today's spring projection is an encouragement despite the currently serious infection situation. The comprehensive and quick support of the federal government since the beginning of the crisis works. We will have regained our old strengths by 2022 at the latest," economy minister Peter Altmaier said.