Quarterly Report Germany I/2021

Economy set to grow 3.5 percent in 2021: Powerful effect in investment, foreign trade in boosting roles

The BDI expects real gross domestic product in Germany to increase by 3.5 percent in the current year and confirms its January forecast. After a bumpy start in the first quarter, recovery will firm up from the second quarter onwards. Industrial production is also pointing up. New orders for industry are currently substantially higher than one year ago.