Economy News
German industry 'cautiously optimistic', expects 3.5% GDP growth in 2022

The Federation of German Industries (BDI) is "cautiously optimistic" about the economic recovery in industry and expects the country's gross domestic product (GDP) to grow 3.5 per cent in 2022, the BDI has said. German exports are to grow around half as fast as in 2021, increasing by four per cent in 2022 year-on-year, according to the BDI on Thursday, Xinhua news agency reported. "Order books are full, but production is not keeping pace with demand," BDI President Siegfried Russwurm said.

News Source:- https://www.business-standard.com/article/international/german-industry-cautiously-optimistic-expects-3-5-gdp-growth-in-2022-122011400057_1.html