Germany’s Scholz: Economy is in better shape than feared a few weeks ago

Germany’s Finance Minister Olaf Scholtz sounds upbeat on the economic recovery yet again this Wednesday, noting that the economy is in better shape than feared a few weeks ago.

Further comments

“We trust forecasts that say we'll reach pre-crisis levels at the end of 2021, early 2022.”

“Additional virus relief measures will likely cost €10 billion.”

Scholz said on Tuesday that the economy is developing better than expected after the upbeat IFO survey.