- Bundesbank Monthly Report: Prolonged lockdown, VAT increase contributed to weaker private consumption
Market news
19 April 2021
Bundesbank Monthly Report: Prolonged lockdown, VAT increase contributed to weaker private consumption
- Germany's economic output decreased in Q1 2021
- Only parts of the economy are not directly affected by tighter restrictions
- Manufacturing industry does not have a renewed demand problem; the industry's recovery will continue
- Higher inflation can be expected from H2 2021 due to base effects
- It could very well exceed 3% by the end of the year
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