Corona exit? Economic modes with surprising prognoses and clear words about Merkel's politics

The corona crisis has less of an impact on the German economy than previously assumed.

The five economic modes come to the assessment.

But there are risks.

• The current annual report of the five

  economic practices will be

  published

  on Wednesday

  .

• The council's verdict is surprisingly positive.

• You can find

  all the current information on the

  corona crisis

  in Germany in our news ticker.

Wiesbaden - The

and the associated economic damage are

, according to

the five

methods, less bad than expected.

This can be seen in the current annual report that the

is available.

The Advisory Council announced that the German economy was shrinking by 5.1 percent - a better economy than had previously been

feared

in the course of the

.

The second wave of the pandemic * - and with it the so-called

, which has been in

since November 2nd - therefore has only minor economic consequences, since the sectors affected, such as gastronomy, culture and sports, only make up a small proportion of the corporate landscape in Germany to have.

As the

writes, the damage would be less than after the

if the

with their forecast.

Economic ways: Corona pandemic affects economy less than expected

Experts had put the economic slump due to the

, which has ruled Germany since March, twice as high.

This would mean that the economy would be more optimistic than the research institutes and the

- they are assuming a

of around 5.5 percent

- continues the

.

The economy is right: #Short work is our best tool in times of crisis - we secure jobs and ensure that companies can get started again after the crisis.

@BMWi_Bund https://t.co/7R7788m21k

- Hubertus Heil (@hubertus_heil) November 10, 2020

"Politicians acted quickly and decisively during the crisis," says the report that will be officially published on Wednesday.

Thus, the

wise men express themselves

positively about the

decided by the federal government

and give a clear judgment on the

of Chancellor

.

The

attributes the

more positive tones about the government

to the two new members of the council:

and

.

In previous years the Council had been very critical of politics at times.

Economic methods for the corona crisis: Risks from infection everywhere

For Germany, which is

strong in

exports, special attention is paid to developments abroad:

, the

and the European region recently had strong economic growth in the third quarter.

In the euro area, according to the

, the

will

shrink

by seven percent in 2020, but it should strengthen again by five percent in 2021.

According to the report, the expected growth in Germany in 2021 is 3.7 percent, writes the

.

However, there are risks due to the increasing infection

*, according to the

.

But even if the

lasted until December and parts of the retail trade were to be closed, this would only push the annual value down slightly.

The situation would be different if the

were hit again as hard as the first lockdown in the spring, writes the

with reference to the report.

Every year the five

experts

meet to

prepare an appraisal of the economic situation in Germany.

The report will be

handed over

to Chancellor

on Wednesday, November 11th

.

It gives the

an insight into the economic developments that can be expected in the country.

List of rubric lists: © Christoph Schmidt