German Economy: The second wave of the virus would be decay

Because of the increasing number of new infections in Germany, concern of the German economy has increased. A second wave would be economically more harmful than the first wave.

This because many enterprises are in dire straits, have high debts and almost no reserves”, warns the president of the German Institute for Economic Studies, DIW, Marcel Fratzcher in the German newspaper „Rheinsche Post” on Saturday.

Even Michael Hüther, director of the German Institute of Economy, warns from placing a new “lockdown<x1. This cannot be justified because of the collateral social and economic effects.

German High Enterprises President BVMW Mario Ohio appealed to politics to prevent even a new closure of the economy.

It would be irresponsible to lead the German economy through a „lockdown” new”, said Ohio for the media group, „Funke Mendengrouppe”.

“Even if local explosions can partly bring increase in the number of infections, it should not result in a second Shutdow”, he said.

The economic consequences of such a move cannot be predicted, „this is when the German government, with its 1.2 billion euro Corona aid package, has spent its gunpowder.

Protest in Berlin

On Saturday, the Robert Koch Institute announced 955 new infections. Tents are markedly on the rise, compared to weeks ago.

However, not all agree on the continuation of restrictive measures. Several thousand gathered in Berlin on Saturday to protest the German government's policy of pandemic.

Police urged participants to respect the distance rules.

A police spokesman told the news agency that about 10,000 had gathered. yourself.

An AFP reporter has indicated that participants in the protest did not comply with the rules of distance and wearing the mask. / DW