The trough had been reached, but not by steps, concluded the chamber from the answers of the surveyed companies. Three-quarters of all companies expect for the year 2020, loss of revenue, told the chamber on Friday. Compared to the spring, this number had increased, the expected revenue losses are higher, said chief Executive Matthias Fonger. Although the location of some industries such as the retail is improving after the end of the lock downs. However, the export-oriented economy in Bremen and Bremerhaven suffering particularly hard under the current drawbacks of world trade and lack of foreign demand. Four out of ten companies expected until 2021, with a return to largely normal economies.

dpa Updated Date: 24 July 2020, 18:27