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COVID, bottlenecks hold back German economy in Q4

by Mike Robinson

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© Reuters. FILE PHOTO – A commuter train crosses the skyline at slow shutter speed. This is because the spreading of coronavirus (COVID-19), continues. Germany faces new regulations to manage the pandemic in Frankfurt on December 2, 2021. REUTE

BERLIN, (Reuters) – The German economy ministry announced Tuesday that the government expected to see a weakening in output over the last quarter of this year due to restrictions aimed at stemming supply and coronavirus.

In its monthly report, the Economy Ministry stated that less than one fifth of all businesses believed the situation would improve by February 2022.

Even with the backlog of orders, the ministry maintained a positive outlook on German exports, despite bottlenecks.

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