The ifo Institute, a research institution based in Munich, has lowered its 2022 economic growth forecast for Germany from the previous forecast of 5.1 to 3.7 per cent in 2022." A strong recovery will set in during the summer in the first half of 2022 when the Covid-19 wave subsides and supply bottlenecks gradually end," said Timo Wollmershaeuser, Head of economic research and forecasting at the institute on Tuesday." Overall economic production is likely to increase significantly in the second a
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2021-12-15 00:00:00.0