Covid-19 has numerous implications for the economic stability of Germany. If you follow NDR news from NW Germany (public network)....the Economics Minister for Lower Saxony says between now and the end of the year.....5,000 business bankruptcies will occur.
He tried to sound optimistic but admitted that while they will bring in funds and management to save some of these....the vast number are beyond saving. The bulk of those affected? Pubs, restaurants, bars, and entertainment-fronts.
That's one single state....of the sixteen.
Those thinking the worst has already come and in front of us now? Well....NO, the worst will be in the first quarter of 2021, with unemployment rates spiraling upward for the first six months of 2021.
More money required from the federal govenrnment? Yes, without any doubt.
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