(RTTNews) – Germany’s leading economic institutes have advanced their economic expansion projections for 2022, but have lowered their projections for the current year, causing bottlenecks in the production sector.

According to the autumn 2021 economic forecast, jointly prepared through Ifo in Munich, RWI in Essen, DIW in Berlin, IfW in Kiel and IWH in Halle, gross domestic product will accumulate at 2. 4% this year from an estimated 3. 7% in April. .

As the recovery continues, employment will continue to grow. Unemployment is expected to fall to 5. 7% this year and 5. 3% next year.

On the other hand, the Ministry of Economy said that economic progress is expected to slow in the fourth quarter and commercial production to decrease in the coming months.

Although the outlook for business activity has deteriorated somewhat, the ministry said it remains cautiously optimistic.