Why the upswing is a long time coming

by time news

BerlinShould there be a traffic light coalition in Berlin, the new federal government will start with a lot of tailwind – at least in economic terms. According to estimates by leading economic research institutes, the gross domestic product (GDP) will increase by 4.8 percent in the next year. In their autumn report, which was presented in Berlin on Thursday, the economists assume a robust upswing – which is currently stalling. For 2021, the researchers have lowered their forecast significantly. Economic growth this year is likely to be 2.4 percent. In the spring, the institutes had assumed 3.7 percent.

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