The economic wise men are cautious about the economy and have again lowered their forecast for 2021.
The delivery bottlenecks in particular are slowing the upswing.
Berlin - The "economic wise men" expect weaker economic growth in Germany this year.
A strong upswing after the corona-related slump in economic output in 2020 is not expected until next year.
This emerges from the annual report that the Council of Economic Experts handed over to Executive Chancellor Angela Merkel (CDU) on Wednesday to assess the overall economic development.
Delivery bottlenecks slow down German economic growth
For the current year, economists expect GDP to grow by 2.7 percent.
In March, the economists had expected an increase of 3.1 percent.
The recovery of the German economy continued in the summer.
However, it is being dampened by delivery bottlenecks, it said.
If private demand for services and industrial production normalize next year, economic growth should continue to pick up.
For 2022, the "economic wise men" expect growth of 4.6 percent.
There is disagreement on the issues of climate protection and digitization
However, there are significant risks for the development of the economy.
These included prolonged delivery bottlenecks and a pandemic that flared up again in winter, as the report shows.
There are different opinions among the currently only four members of the actually five-member Expert Council on how investments in climate protection or digitization should be mobilized.
There is also disagreement about whether legally independent extra budgets can be used for public companies or companies such as Deutsche Bahn or the Federal Agency for Real Estate Tasks.
This is a paragraph that is also being discussed in the ongoing coalition negotiations between the SPD, the Greens and the FDP.
(dpa)
