As the Corona-crisis could be

It is time to talk about a global recession. The classic signs are on the increase. The stock markets collapse, and the ocean goes back and interest rates fall.

As the Corona-crisis could be

It is time to talk about a global recession. The classic signs are on the increase. The stock markets collapse, and the ocean goes back and interest rates fall. The industry has supply problems, which results in the foreseeable future to a loss of production. Tourism is faced with cancellations and the planes are empty. All scenarios, as we know from past crises, such as those during the outbreak of Sars at the beginning of the century.

It may well be that the worst of it is after a few weeks, but from the looks of it at the Moment, we are not in Switzerland yet long at the peak of the epidemic, the world even. Therefore, it is certainly true that the Federal government is generous when it comes to failures to the financing of short-time work and compensation for the Corona-related operation. Otherwise, the disease control leads to massive economic collateral damage.

You can also ask whether it is right that the national Bank prints only to preserve a false independence again money, in order to reduce interest rates and weaken the franc. Should you use not better the many billions of reserves, which it has already, in Germany for an economic stimulus program? The pure doctrine contradicts both. But just to follow suit with even stronger negative interest rates, if the Americans and the Europeans lower their interest rates, is not a sign of independence – to promote meaningful investments, for example for climate protection, but rather.

the Virus is also the question of whether everything has been done under the heading of globalisation, it is useful for that. For example, the grief game to have the vaccination Institute Bern, founded in 1898. It was famous for its vaccines against smallpox, diphtheria, Cholera, Polio, typhoid, meningitis, Hepatitis and Influenza, and skin. In 2001, the company named in Berna Biotech AG.

a year later, the company was known all over the world, because they are produced as one of the few with a vaccine against the lung disease Sars. Economically, there was, unfortunately, miss management, and the company was first sold to Novartis, and abroad. For a time it looked as if the Institute would be closed. So bad it didn't come, but there is now a subsidiary of Johnson & Johnson may not be with the former vaccination Institute compared.

Switzerland is today in the case of the vaccines is dependent on imports, as well as in the production of other reason, the case substances that has been outsourced to China to save a few francs. If the Corona leads to a crisis that is finally being questioned, they maybe in the longer term, however, your Good.


This Text is from the current issue. Now all of the articles in the E-Paper of the Sunday newspaper, read: App for iOS App for Android – Web-App

Created: 01.03.2020, 10:00 PM

Updated Date: 02 March 2020, 06:05

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