The head of the Ministry of Economy of Germany Peter Altmayer assessed the impact of coronavirus infection COVID-19 on the German economy. His statement was broadcast live by Phoenix.
As the minister noted after a meeting with representatives of specialized unions of German industry, because of the coronavirus, the German economy is in the most difficult situation since the end of World War II.
“We were united with all participants in the opinion that the German economy is in the most difficult situation of all that we experienced in the post-war period. Including situations that we observed during the banking and exchange crises, ” RIA Novosti quoted him as saying.
According to him, in Germany the authorities should proceed from the fact that many enterprises can cease to exist.
It was previously reported that the International Monetary Fund (IMF) predicts a global economic decline of 3% in 2020.
Pavel Gribov, associate professor at the Department of Economic Security at RANEPA, in an interview with the FBA “Economics Today” assessed the consequences of the situation with coronavirus for the global economy.