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Outlook Casting Production 2025: How sustainable will the Recovery be?

In 2020, the GDP of all major economies recorded a decline. The only exception is China: The Chinese economy recorded a 2.3 percent higher GDP
▪ A strong increase in GDP is expected this year in the USA, due to the vaccination campaign
▪ Within the euro zone, GDP recovery could be weaker in Spain and France in particular
▪ For the German economy, the decisive factor is how long the current lockdown lasts and how quickly vaccinations progress
▪ The UK not only has high infection rates, but also problems as a result of the Brexit
▪ We forecast a sustained improvement in global GDP overall for 2021

Source: Dr. Heinz-Jürgen Büchner

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