Bundesbank: German growth could undershoot projection this year

In its monthly report published on Monday, the Bundesbank noted that they may not be able to reach the economic growth forecasts for 2021, as reported by Reuters.

"The Delta variant and a decline in the dynamics of vaccination could lead to stricter protective measures again," the Bundesbank explained in its publication. "This would then put a greater strain on the economy in the autumn quarter."

Market reaction

This report doesn't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was up 0.15% on the day at 1.1715. Meanwhile, Germany's DAX 30 was last seen rising 0.18% on a daily basis at 15,836.