© Reuters. FILE PHOTO: German Economy Minister Peter Altmaier speaks to the media outside the Chancellery in Berlin, Germany, July 14, 2021. REUTERS/Annegret Hilse
BERLIN (Reuters) – German Economy Minister Peter Altmaier expects a recovery in Europe’s biggest economy to continue despite a fourth wave of the coronavirus, he said on Wednesday.
“(There is) a clear prospect that we will not need any sort of lockdown for people who are vaccinated, double vaccinated and those who have recovered,” Altmaier told reporters.
“So it is guaranteed that economic activity can take place at a meaningful level for the whole year,” he told reporters.
The government has pumped more than 300 billion euros into the economy to help cushion the effects of the COVID-19 pandemic and Altmaier stuck to the government’s estimates for growth of 3.5% this year and 3.6% next year.
Earlier, the Ifo institute said German business morale fell for the second month running in August, as supply bottlenecks and rising COVID-19 cases drove companies to take a dimmer view of the coming months.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.