German economy faces soaring prices as recovery accelerates.
The German economy is recovering quickly after the Covid-19 pandemic slowdown. GDP is expected to grow rapidly, surpassing pre-crisis levels. Retail and services will benefit, but manufacturing may face delays due to supply shortages. Prices for goods and services are rising due to global economic momentum. GDP is projected to grow by 3.9% this year and 4.8% in 2022, with consumer prices increasing by 2.6% this year and around 2% in 2022.