DIHK: Large parts of Germany economy doing badly
The Association of German Chambers of Industry and Commerce (DIHK) President Peter Adrian warned on Wednesday that many sectors of the German economy are “doing badly again” amid a new surge in COVID-19 cases.
“With the cancellation of Christmas markets, Christmas parties and overnight stays, entire industries experience a scenario similar to last year,” Adrian told DPA, noting that businesses that generate 30%-40% of their sales during the holidays are most affected. He supported the government’s plans to extend state aid to businesses until March 2022 due to the current coronavirus situation but insisted it is “not a sustainable economic model in the long term.”
Earlier this week, German Chancellor Angela Merkel insisted current restrictions are not enough to curb the spread of the virus and Health Minister Jens Spahn stressed a new lockdown cannot be ruled out.
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