Post-epidemic recovery in Germany will be slow

By: Trademagazin editor Date: 2020. 07. 01. 11:09

There can no longer be a “V-shaped” boom, ie a rapid recovery in Germany after a sharp downturn, but a slow and cumbersome improvement in the situation, according to a survey by the German Chamber of Commerce and Industry, DIHK.

The coronavirus crisis in Germany has put many companies in a difficult position. More than 40 percent of companies reported a shortage of liquidity in the results of the DIHK survey presented on Tuesday. And scarce funds have led to a decline in investment, hindering the introduction of new technologies, the development of new products and the opening of new markets. (MTI)