German Economy Ministry: Coronavirus situation puts brakes on economic recovery

The German Economy Ministry is out with its latest outlook on the economy, citing a weak final quarter of 2021.

Key takeaways

Coronavirus situation puts brakes on economic recovery.

Expects weak development for GDP in Q4 2021.

Less than a fifth of companies believe supply chain situation will improve by February 2022.

Despite bottlenecks, outlook for exports looks positive.

more to come ....