(ANSA-AFP) - FRANKFURT AM MAIN, DEC 14 - The growth of the
German economy is set to be slower than expected next year due
to disrupted supply chains and a new wave of Covid-19
infections, a leading economic think-tank said on Tuesday. The
Ifo institute downgraded its forecast for growth in Europe's
biggest economy in 2022 to 3.7 percent from an earlier estimate
of 5.1 percent. "Ongoing supply bottlenecks and the fourth wave
of the coronavirus are noticeably slowing down the German
economy, said Timo Wollmershaeuser, Ifo's head of forecasts.
Disruption caused to supply chains by the pandemic has led to
material shortages in everything from wood to semiconductors. At
the same time, Germany has been tackling a fourth wave of the
coronavirus, with businesses in some areas forced to close early
and unvaccinated people barred from non-essential shops.
(ANSA-AFP).
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