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Second corona lockdown? The boss of the economy becomes clear - "Have learned which measures are necessary"

2020-08-23T10:04:28.089Z

The number of corona infections is rising again. The chief of economic wise men explains what a second lockdown would mean for the German economy - and whether he thinks it will come.



The number of corona infections is rising again. The chief of economic wise men explains what a second lockdown would mean for the German economy - and whether he thinks it will come.

  • Chancellor Angela Merkel (CDU) and the country leaders want to advise on how to proceed with regard to Corona .
  • In the pandemic that was economic output in Germany slumped dramatically.
  • Lars Feld , head of economic affairs, outlines what a second lockdown would mean for the economy.

Berlin - A second lockdown in the Corona crisis * would be catastrophic for the economy from the point of view of the head of the "economic wise men " , Lars Feld . Feld told the dpa : "If there is an acceleration and the infections continue to spread, there is a threat of a second lockdown. From an economic point of view, that would be a disaster. There is then the risk of a permanent slowdown in growth. "

Second lockdown in corona crisis? "Would interrupt the recovery phase of the economy"

The number of new corona infections is increasing. In the coming week, the heads of the black-red coalition and then Chancellor Angela Merkel (CDU) * and the state ministers will discuss how to proceed. It should be about the extension of aid programs and more uniform corona rules. The economic performance in Germany was in the second quarter slumped .

"A second lockdown would interrupt the economic recovery phase ," said Lars Feld . “We are currently in a V phase, as forecast by the Advisory Council. A second lockdown would mean that a number of companies that have survived in the current recovery phase will have to go into bankruptcy . "

Corona crisis and the economy in Germany: "We have learned which measures are necessary"

Politicians learned a lot from the first lockdown phase, Feld said. “We have learned what measures are required and that it is not necessary to shut down the whole country, but rather that you isolate in a decentralized manner and send people into quarantine . Therefore a second lockdown is also less likely. "

Feld is Professor of Economic Policy and Regulatory Economics at the University of Freiburg and Director of the Walter Eucken Institute. Since March 2020 he has been chairman of the Advisory Council for the Assessment of Macroeconomic Development , of which he has been a member since March 2011. The Expert Council advises politics. The experts are also colloquially referred to as "economy" . (dpa / frs) * Merkur.de is part of the Ippen digital editorial network.

List of rubric lists: © Michael Kappeler / dpa

Source: merkur

All news articles on 2020-08-23

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