Despite facing a third wave of COVID-19 with more transmissible variants, Germany is projected to return to pre-pandemic levels by 2022, ahead of its Western European peers.
FrontierView’s most recent Germany Market Review explores several key market developments:
- Economic delays from the third lockdown will not be as detrimental
- German citizens will be offered more opportunities than their European peers
- The key to recovery will be a manufacturing boom in the second half of 2021
The European Commission’s misjudgments of the procurement of vaccines, combined with delayed vaccine orders, caused shortages in the first quarter of 2021. A solid supply of vaccines is expected in the second quarter of 2021 which will allow adults over 60 to be vaccinated by June/July, and the general population
The path to recovery
Continued government stimulus is vital to a successful economic restart in 2021. While manufacturing is key to recovery, performance will vary by segment, with food and pharma providing solid opportunities. Germany remains the most attractive country for doing business within Western Europe, as it is comparatively more insulated from fiscal, political, and financial risks.
Read our latest Germany Market Review to provide your business with the resources to succeed in Western Europe.
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