Quarterly Report Germany III/2021

Despite strong growth in the second quarter, the BDI expects economic output to increase by only three percent in real terms for the year as a whole. The economic recovery will therefore be somewhat weaker than expected in June. Adjustment in forecast triggered by expected stagnation in private consumption expenditure in 2021. On account of the weak performance in the first half of the year, the annual growth rate of one percent previously predicted for private consumption expenditure is no longer within reach.