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The German economy has so far lost more than 212 billion euros in prosperity due to the consequences of the corona pandemic.
At the end of the crisis it will be around 391 billion euros, according to exclusive calculations by the German Institute for Economic Research (DIW) for WELT AM SONNTAG.
The economists compared the actual and forecast growth with the so-called potential growth in the years 2020 to 2022. It shows how strong the German economy would have grown without the pandemic.
The calculations are based on the assumption that the number of infections will actually fall in spring and that the economy will then start to recover.
"If we don't manage to significantly reduce the number of infections by March, it would be a disaster," says DIW President Marcel Fratzscher.
As soon as the state aid runs out, a bankruptcy tsunami could hit Germany.
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“Most people who would then become unemployed would have a very difficult time finding new employment in the foreseeable future.
Demand would fall significantly - across Europe.
It would take years for Europe, and especially Germany, to recover as it depends heavily on exports to the euro zone. "
You can read the entire research in WELT AM SONNTAG. We are happy to deliver them to your home on a regular basis.
Source: WELT AM SONNTAG