Germany's Altmaier: German economy to grow clearly more than 4% in 2022

Germany’s Economy Minister Peter Altmaier noted on Friday that the economy is picking up faster than many feared, as reported by Reuters.

"The German economy will grow clearly more than 4% in 2022," Altmaier added.

Market reaction

These comments don't seem to be helping the market sentiment improve. As of writing, Germany's DAX Index was down 0.7% on the day at 15,615. Meanwhile, the EUR/USD pair clings to small recovery gains on Friday and was last seen rising 0.12% on the day at 1.1921.