{"id":115596,"date":"2021-06-01T17:50:19","date_gmt":"2021-06-01T17:50:19","guid":{"rendered":"https:\/\/fin2me.com\/?p=115596"},"modified":"2021-06-01T17:50:19","modified_gmt":"2021-06-01T17:50:19","slug":"german-economy-to-grow-between-3-4-and-3-7-this-year-minister","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/german-economy-to-grow-between-3-4-and-3-7-this-year-minister\/","title":{"rendered":"German economy to grow between 3.4% and 3.7% this year &#8211; minister"},"content":{"rendered":"<figcaption>FILE PHOTO: German Economy Minister Peter Altmaier addresses a news conference in Berlin, Germany, April 27, 2021. John Macdougall\/Pool via REUTERS\/File Photo<\/figcaption><p>BERLIN (Reuters) &#8211; The German economy, Europe\u2019s largest, should grow by between 3.4% and 3.7% this year, Economy Minister Peter Altmaier said on Tuesday, offering a more upbeat outlook than when the government raised its forecast at the end of April.<\/p>\n<p>\u201cOverall, the German economy will have regained its pre-pandemic strength by the end of this year. That is a reason for optimism,\u201d Altmaier told foreign reporters.<\/p>\n<p>\u201cWe expect the German economy to grow somewhere between 3.4 and 3.7 percent this year. If things go very well, maybe a tenth or two more. And we expect it to grow by 4% next year,\u201d he added.<\/p>\n<p>At the end of April, the government raised its growth forecast to 3.5% from a previous estimate of 3%. Last year, the economy slumped some 5%, hit by restrictions to contain the COVID-19 pandemic.<\/p>\n<p>Asked whether he was concerned that a rise in German consumer prices could strengthen, Altmaier said he was \u201cwatching this development with inflation very closely\u201d but could not pass judgment on it yet.<\/p>\n<p>Germany\u2019s annual consumer price inflation accelerated in May, advancing further above the European Central Bank\u2019s target of close to but below 2%, the Federal Statistics Office said on Monday.<\/p>\n<p>Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 2.4% in May, up from 2.1% in April. A Reuters forecast had pointed to a May reading of 2.5%.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/germany-economy\/update-1-german-economy-to-grow-between-3-4-and-3-7-this-year-minister-idUSL5N2NJ578\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: German Economy Minister Peter Altmaier addresses a news conference in Berlin, Germany, April 27, 2021. John Macdougall\/Pool via REUTERS\/File PhotoBERLIN (Reuters) &#8211; The [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":115595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>German economy to grow between 3.4% and 3.7% this year - minister - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/german-economy-to-grow-between-3-4-and-3-7-this-year-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German economy to grow between 3.4% and 3.7% this year - minister - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: German Economy Minister Peter Altmaier addresses a news conference in Berlin, Germany, April 27, 2021. 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