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Germany expects rejuvenated economy in '22

BERLIN, Oct 27 (KUNA) -- The German government stated Wednesday that it expects the rejuvenation of its economy in the year 2022.
Minister of Economic and Energy, Peter Altmaier, stated to a morning show airing on (ARD), that economic growth this current year will be less than expected, however, an increase of four percent is expected in the upcoming year.
The German official said that such growth is only to be expected with production lines going back to their original state prior to the coronavirus pandemic.
He also attributed his negative outlook to deficiency in raw materials and high expenses of energy resources.
Altmaier's statements correspond to German institute for Economic Research findings, which state that exports sector in Germany decreased by 20.5 points in August and 13 points in September this year. (end) anj.aai