German federal bank expects growth to fall sharply

German federal bank expects growth to fall sharply — — -Brussels (Brussels Morning) Germany’s central bank warned on Monday that the country’s economic growth is likely to take a sharp plunge in the final months of 2021, as industry is becoming increasingly burdened by supply shortages, while demand for services is in decline.

In its regular monthly report, the Bundesbank revised its full-year growth estimates, saying it will now likely be significantly less than its June forecast of 3.7%.