The recession – and even more violent than originally assumed. The economy of your Corona have exacerbated the wise forecast.
The Corona-pandemic* hits the German economy hard – and apparently worse than originally expected. The economy will have on Tuesday (23. June) their original forecast for gross domestic product to below corrected. You are now very specifically, from the “worst decline of the German economy since the Federal Republic”.
Wiesbaden – Bad news from the German economy: The corona-related crash in the year 2020 should violent be as the economy have expected the end of March. The adviser to the Federal government Chancellor Angela Merkel (CDU) now expect the GDP to shrink product (GDP) this year to 6.5 percent – in spite of all the measures of the coalition*.
Corona crashes German economy in deep crisis: “the Strongest slump since the Federal Republic of”
“The Corona pandemic is expected to cause the strongest collapse of the German economy since the founding of the Federal Republic of Germany. We expect, however, from the summer onwards, a recovery begins,“ said the Chairman of the expert Council for the assessment of overall economic development, Lars P. feld , on Tuesday.
The world economy is more affected, and the mitigation measures in Germany to last longer than the time the Advisory Council has based its scenarios bills in March 2020. Learn more: https://t.co/KO8ueRiaqV pic.twitter.com/Tp2nOkJswJ
— German Council of economic experts (@SVR_Wirtschaft) June 23, 2020
Like other experts the economic practices of Europe’s largest economy will grow after the severe recession in the next year. For 2021, the German Council of economic experts predicts 4.9 percent growth. At the earliest in the year 2022, the economic performance of Germany is expected to be considered by the panel back to the level she had before the pandemic.
The reduction of Infections and gradual easing of restrictions in Germany and in the case of important trading partners are the prerequisite for a recovery in the course of the year, the economy. Also, the support measures and the Economic stimulus the Federal government should have a “positive impact”. The Outlook for further economic development under the sun, however, continues to be a “significant uncertainty,” warned the Committee.
Corona is in Germany: Economy had a maximum GDP of 5.4 percent decline
at the end of March adopted by the Council of experts as the most likely scenario for Germany for a five-week “ Lockdown ” and, consequently, a decline in the gross domestic product s was assumed to be 2.8 percent. For the worst case scenario the economy were wise in their March forecast a decline of 5.4 percent in economic performance in the current year.
This is the pandemic to further their uncertainties, to prove the current developments in North Rhine-Westphalia: There imposed Prime Minister Armin Laschet (CDU) for the first time, a new Lockdown for an entire County. The background of the mass outbreak at the meat giant Tönnies is. Experts, such as virologist Christian Drosten* to hold even larger waves of Infection in the fall for possible. (dpa/AFP/fn)
*Merkur.de is part of the nationwide Ippen-Digital editors network.
