After Corona downturn: Altmaier expects new growth to autumn

in the opinion of the Federal Minister of economic Affairs, Peter Altmaier, could have the economic downturn in the Corona of a pandemic in the autumn to an end

After Corona downturn: Altmaier expects new growth to autumn

in the opinion of the Federal Minister of economic Affairs, Peter Altmaier, could have the economic downturn in the Corona of a pandemic in the autumn to an end. "I'm sure that we can stop the downturn of our economy after the summer break, and at the latest from October, the economy in Germany is growing again," said the CDU politician of the "Bild am Sonntag". Although the German economy will shrink by 2020 by six percent, according to the Minister. For 2021 but he expected to see growth of more than five percent.

Confident Altmaier was also with a view to the development of the labour market. Here he was expecting an improvement from November. "I expect that we will experience this year, to about October, the peak of the unemployment figures by Corona. Starting in November, you can go back slowly,“ said the Minister of economy of the newspaper. As the target Altmaier called to reach out to 2022, the employment level from before the crisis.

Recently, with the Ifo Institute, after the severe Corona-recession for the second half of the year, had forecast a strong upturn in the German economy. The Munich-based Economists expected for 2020, with a decline in German economic performance of 6.7 percent compared to the year 2019. For 2021, the Ifo Institute expects a growth of 6.4 percent.

"of Great concern" if the pandemic device in America is out of control

The Federal Minister of Economics warns, however, faced with far-reaching consequences of the Corona ends-spread in the United States for the world economy. "I big Worried about the rising number of new infections in the United States," said Altmaier, the "picture on Sunday". "A pandemic, the device there out of control, has great consequences for the world economy."

At the same time, the Minister criticised the decision of President Donald Trump, the drug Remdesivir in a large scale for the Corona-patients in the United States to buy. "Alone in the fight against Corona to help anyone," said Altmaier. "The empty buy from markets and Monopolize vaccines are a particularly bad idea." Maybe should be distracted by the actions of the us government "only of the major problems in his own country". The world community could combat the novel Coronavirus is only together, said Altmaier. "The white, hopefully, the American President."

Remdesivir was developed by the American company, Gilead, actually, for the treatment of Ebola. According to the United States and Japan, the EU has approved the funds for the treatment of Corona patients. The EU-wide supply with the means, however, is questionable. The American government had notified a few days ago, to have almost the entire production of the Means for the next few months backed up. The United States is the strongest of the Corona pandemic affected country in the world. There almost 130,000 Infected died were already demonstrated more than 2.8 contagions,.

Updated Date: 05 July 2020, 03:19

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