German economy likely to reach pre-pandemic level in H2 – Kukies

BERLIN (Reuters) – The German economy is likely to reach its pre-pandemic level in the second half of the year, as falling coronavirus infections and progress in the vaccination campaign enable a solid recovery, Deputy Finance Minister Joerg Kukies said on Tuesday.

In a briefing on Germany’s financial stability, Bundesbank Vice President Claudia Buch said prices for residential real estate continued to rise sharply which was pushing up household debt.

But the related risks for the financial stability are mitigated by Germany’s relatively low level of household indebtedness, Buch added.