According to the central bank, the omikron variant and the shortage of workers again pushed Germany into an interest rate depression.
Germany may be in a recession for the second time since the start of the corona pandemic, according to the Bundesbank.
Economic activity in Germany has declined due to record rates of coronary infection brought about by the omicron variant.
According to the Bundesbank, the German economy could decline markedly in January-March. The German economy was already in recession of 0.7 per cent in the last quarter of last year, the central bank says in its monthly report.
Among other things, the news was reported Bloomberg.
The waves of infection have hit the service sector in particular in the past, which has suffered from constraints and changed people’s behavior.
Now the German economy is also suffering from labor shortages, which affect a wider range of sectors.
German however, the economy can recover quickly from the latest blow to the corona.
According to the Bundesbank, the demand situation is very good and the central bank believes that the economy will recover strongly during the spring if supply chain problems ease and the pandemic continues to subside.
Released on Monday business survey According to German companies, production bottlenecks are easing and production is growing at the fastest pace in six months.
Germany also appears to have overtaken the peak of infection brought about by the omikron variant, and its government is phasing out restrictions.
#Germany #Bundesbank #Germany #recession #time #pandemic
