the consequences of The Corona-crisis for the German economy, experts worry apparently. VW wants to entice you with discounts on new cars – not just electric cars.
The Horror news for the economy in USA is not ebbing. The consequences of the Corona-crisis* are serious. Also the economy had to correct their forecast to the economic downturn .Update from Tuesday, 23.06.2020, 18.40 PM: In many areas, was of the Corona-crisis scarred the economy in USA to re-start. The Federal government has decided, for example, a reduction of the VAT .
VW wants to give its customers something now, and it returns to you when buying a new car discounts. This is not the case for electric cars , so the VW group, in a press release. Why the E-car at VW, the e-up! as well as the ID.3.-Line, not part of the discount offer are not declared to the group, however.
+ In the Corona-crisis that is afflicting the economy in Germany, are VW now discounts on new cars, except for electric cars.©Peter Steffen/dpaeconomy-item"> expect to have with drastischerem economic slump
Initially, the body of the economy was delivered by the end of March, a forecast of the impact of the Corona-crisis to German economy . At the time of the Council of experts was assumed as the most likely forecast of a five-week " Lockdown , " according to the restrictions for enterprises and consumers eased back would be. This assumption, according to the
Now the economy seem to have even more drastic effects of the Corona-expected crisis on the German economy*. Among other things, on Twitter, the panel reported, it is an activity feared slump of up to 6.5 percent.
The @SVR_Wirtschaft expected for the year 2020, the German economy will shrink by 6.5%. For the year 2021 is expected a positive growth of 4.9%. Learn more: https://t.co/KO8ueRzLit #economic forecast pic.twitter.com/iML38hxRxk
— German Council of economic experts (@SVR_Wirtschaft) June 23, 2020
economy in the Corona-crisis export sector, with drastic declines
the crisis economy in USA worse, than expected in March, had already emerged. The industrial production fell to the lowest level in 20 years and the export economy in the April had no improvement of Europe. Thus, the German Export dropped by 30 percent compared to the previous month. Similarly, domestic tourism and hospitality sector suffered from the consequences of Corona-pandemic . An increase in bankruptcies is expected by many experts.
+ Applies the Corona-crisis, the German economy harder than expected? The economic forecast correct of March.©picture alliance/Wang Ying/XinHua/ReutersThat they wanted to correct the end of March forecast made once again, had announced , the Chairman of the Board of the economy , Lars field, already in may. Lars field, called this announcement a further factor for the precarious situation of the economy in USA : "The Lockdown took longer and the foreign economy is hit harder than expected. Especially in terms of the United States, we were clearly too optimistic."
Corona-crisis: the most Serious recession in Germany since the Second world war
Even darker, the German chambers of industry and Commerce (DIHK) in the future. He went out in mid-may, even of "at least ten percent," economic downturn . And also, the Bundesbank calculated with a Minus of 7.1%.
Also in the economic and financial crisis in 2009, the gross domestic product (GDP) was only 5.7 percent. Due to the Corona-crisis experts expect now with the most serious recession in USA since the Second world war. (slo dpa)
*fr.de is part of the nationwide Ippen-Digital editors network.
section list image:©picture alliance/dpa
Date Of Update: 23 June 2020, 14:36
