Economy – Frankfurt am Main – IHK: Improved economic situation in Frankfurt / Rhein-Main – Economy

Frankfurt / Main (dpa / lhe) – The economic situation in the Frankfurt / Rhein-Main region is brightening up again, according to the Chamber of Commerce and Industry (IHK). After the corona-related economic slump last year, companies in the region are currently assessing their business situation much better, as the IHK Frankfurt announced on Tuesday.

On the basis of a business survey of 9,000 member companies, the regional chambers of commerce expect the gross domestic product (GDP) in the region to increase by 2.5 percent in the current year. “After the drastic slump in the previous year in 2021, we are still unable to record a return to the pre-crisis level. The prospects for the coming year are all the more positive,” said the Frankfurt Chamber of Commerce President Ulrich Caspar. “For the year 2022 we see the potential for strong growth of 5.2 percent in Frankfurt / Rhein-Main.”

However, should there be another lockdown or other restrictions as a result of the increasing number of corona infections, the IHK president sees many industries threatened. In addition, material and delivery bottlenecks as well as the shortage of skilled workers presented many companies with challenges. For the year 2022, the economic chambers are nevertheless expecting an increase of around 54,000 jobs subject to social insurance (plus 2.2 percent). A good three quarters of the jobs are to be created in the service industry.

© dpa-infocom, dpa: 211123-99-112084 / 2

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