Ifo survey: companies expect further restrictions

The German economy is attributed due to the Corona pandemic with the limitations of public life until well into next year, According to a on Monday released sur

Ifo survey: companies expect further restrictions

The German economy is attributed due to the Corona pandemic with the limitations of public life until well into next year, According to a on Monday released survey by the Munich-based Ifo Institute, the business went out in July, on average, of restrictions for another 8.5 months. The service provider charged accordingly, with 8.9 months, the trade of 8.6 months, the construction of 8.2 months and the industry with 7.8 months.

in Front of all companies in the leisure industry feared, therefore, longer restrictions of 13 months. Artistic activities and the gastronomy of the expected eleven months of. In the case of education, an average of ten months were expected. In the accommodation, the companies expect with limitations of around 9.3 months; the business of warehousing with a further of 8.3 months. The company for Postal, courier and Express services expected with an average of 6.6 months, the shortest restriction of public life. The wholesale of retail sale of 8.8 months was 8.4 months,.

government help saved a lot of companies

The state Corona help many companies saved however, so far. 44 per cent of businesses that applied for a state measure, would not survive the crisis according to its own information without this help, according to a survey conducted by the University of Mannheim and the centre for European economic research (ZEW), from the "Süddeutsche Zeitung" quoted.

Two-thirds of the 8,500 companies, which took part in the survey, have claimed, therefore, some Form of government assistance. The three most commonly used measures of short-time working money, Corona relief and the deferral of tax payments.

40 percent of the companies said to have been a result of the pandemic, at least 30 percent of sales lost. 80 percent of companies are expecting a second wave of Infection. It was almost assumed that this occurs prior to the end of the year.

Updated Date: 10 August 2020, 07:20

You need to login to comment.

Please register or login.

RELATED NEWS