Ifo forecast – strong growth in 2022 – economy

According to the Ifo Institute, the future federal government can expect the strongest economic growth since reunification in its first year. Munich researchers have predicted that gross domestic product is expected to grow 5.1 percent in 2022. So far, they had only assumed 4.3 percent. At the same time, however, economists have lowered their forecast for the current year from 3.3 to 2.5 percent, as supply bottlenecks severely hamper the industry. “The strong recovery after Corona, which was initially expected for the summer, continues to be postponed,” said Ifo economic director Timo Wollmershäuser. Production in industry is currently contracting due to bottlenecks for important intermediate products, while service providers are also recovering strongly. “The economy is divided,” the economist said. Chief economists of private banks predict a consumer boom in Germany in 2022.

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