Employers' organizations certain: German economy will recover by 2022

Employers are confident that the need for goods and services will boost production after the crisis. They already see a recovery in the economy for the year after next. Then other obstacles come to the fore.

According to the employers' associations, the German economy will have completely recovered from the consequences of the Corona crisis by the year after next. He assumed that "the level of performance before Corona" would be reached again in 2022, said employer president Ingo Kramer of the "Augsburger Allgemeine".

The need for German goods and services did not collapse in the crisis, emphasized Kramer. This need would boost production again after the crisis ended. "I am quite confident about our economy," said the head of the Federal Association of German Employers' Associations.

Kramer therefore also appealed to the companies not to neglect training. After the Corona crisis, the lack of skilled workers will again be the main obstacle to growth for the German economy. "The demographic development remains as it is. Our society is getting older," emphasized the BDA President.