Germany eyes hike in GDP growth forecast for this year - minister

© Reuters/POOLAnnual economic report in Berlin

BERLIN (Reuters) - German Economy Minister Peter Altmaier said on Thursday he expected the government to significantly lift its full-year 2021 forecast for gross domestic product growth after leading institutes revised their own estimates.

"We'll not only be able to stop the economic slump this year, we can reverse it and regain our old strength next year," Altmaier said, adding he would present the government's updated GDP growth forecast on April 27.

Video: U.S. Consumer Prices Rise by Most Since 2012 (Bloomberg)

U.S. Consumer Prices Rise by Most Since 2012

Bloomberg See more videos

SHARE

SHARE

TWEET

SHARE

EMAIL

What to watch next

• 

  Bernard Madoff Dead at Age 82

  
  Bloomberg
• 

  Coinbase Expected to List on Nasdaq Today

  
  Bloomberg
• 

  Private Debt Terms Back to Pre-Covid Levels: Neuberger's Kasser

  
  Bloomberg
• 

  Goldman Sachs First-Quarter Trading, Revenue Top Estimates

  
  Bloomberg
• 

  JPMorgan Loans Decline as 1Q Investment Banking Fees Surge

  
  Bloomberg
• 

  J&J Vaccine Pause Shows System Is Working: Johns Hopkins

  
  Bloomberg
• 

  Patel: April Will Be About Consolidation

  
  Bloomberg
• 

  Africa in Focus: Ghana's Bond Sale a Test for African Issuers

  
  Bloomberg
• 

  Quintet's Antonucci on Inflation, Bond Yields

  
  Bloomberg
• 

  ECB Policy Can Still Be Accommodative Even Without PEPP, Villeroy Says

  
  Bloomberg
• 

  FDA Pauses Johnson & Johnson Vaccine

  
  Bloomberg
• 

  USD Positive Over Short Term, SGMC Capital's Bondurri Says

  
  Bloomberg
• 

  Why the GOP Disagrees With Biden's $2.25 Trillion Infrastructure Plan

  
  Bloomberg
• 

  China Orders 34 Internet Firms to Curb Excesses

  
  Bloomberg
• 

  Chip Shortage, Unprecedented Demand Level a Big Challenge: Cloudflare CEO

  
  Bloomberg

• Coinbase Will Not Be Able to Escape 'Crypto Winters': Gil Luria

  
  Bloomberg

Click to expand

Replay Video

• Bernard Madoff Dead at Age 82 Apr.14 -- Bernard Madoff, mastermind of a $19 billion Ponzi scheme, has died. He was 82. Madoff's home since July 2009 was the Butner Federal Correctional Complex in Butner, North Carolina, where he was serving a 150-year term. He requested compassionate early release, citing end-stage kidney disease, in February 2020. Bloomberg
• Coinbase Expected to List on Nasdaq Today Apr.14 -- Bitcoin advanced Wednesday, breaching the $64,000 level for the first time after eclipsing its most recent record as Coinbase is set to go public on the Nasdaq. Mike McGlone of Bloomberg Intelligence has a preview. Bloomberg
• Private Debt Terms Back to Pre-Covid Levels: Neuberger's Kasser Apr.14 -- Jérôme Marquis, managing director and head of corporate credit at CDPQ, and Neuberger Berman's co-head of private credit Susan Kasser, discuss the evolving debt terms in the $890 billion alternative lending market. They speak to Bloomberg's Lisa Lee as part of the virtual event "What's Next for Private Credit After the Pandemic?" Bloomberg

UP NEXT

In January, the government predicted GDP growth of 3% for 2021, following a drop of 4.9% in the previous year caused by the coronavirus pandemic.

The economic institutes now expect gross domestic product to grow by 3.7% this year, down from their previous forecast of 4.7% last autumn. But they raised their GDP estimate for 2022 to 3.9% from 2.7%, expecting household spending to rebound once coronavirus restrictions are lifted again.

(Reporting by Michael Nienaber; Editing by Caroline Copley)