Since the beginning of the corona pandemic, there has been speculation about the damage to the economy.
The first figures are now available for Lower Saxony.
Stephan Weil also commented.
Corona in Lower Saxony *: In 2020 there were severe production slumps in the economy.
For
Lower Saxony
is
only a minor one
in
2021
growth
expected.
Prime Minister Weil
is considering a wealth tax.
Hanover - Since the beginning of the
corona pandemic
,
warnings have been issued about
the damage to the
economy
.
Now the expectations for the year
2021
have been lowered again by the companies in Lower Saxony.
The basis was a survey among employers.
The Prime Minister of
Lower Saxony
Stephan Weil (
SPD
) also commented on the state of the economy in the Corona year 2021.
He also fears severe damage to the economy in Lower Saxony.
Corona in Lower Saxony 2021: Business survey gives gloomy outlook for the economy
A total of 14 employers' associations carried out a business survey among companies in
Lower Saxony
.
As a result, the already cautious forecast for the
Corona year 2021
has been revised downwards significantly.
The results were presented in Hanover on Friday, January 15, 2021.
Niedersachsenmetall took the lead in the survey.
Its chief executive, Volker Schmidt, sees the optimism for the future for 2021 "melting like butter in the sun".
So far, short-time work has prevented the collapse of the labor market, but it is not a panacea.
🤷‍♂️
We expect that in the course of the crisis around 55,000 jobs will be lost in the industry in Lower Saxony, 35,000 of them in the auto supplier industry alone.
pic.twitter.com/WbAVMjj7m6
- NiedersachsenMetall (@NiedersachsenME) January 15, 2021
Economy in Lower Saxony 2021: Corona already brought a 20 percent slump in 2020
After
the
economy
in
Lower Saxony recorded
an average production slump of 20 percent
in 2020
, many companies were still relatively confident in December.
At the time, companies in Lower Saxony were still expecting an increase of 10 percent in
2021.
But the current lockdown and the still skyrocketing number of infections has let this cautious hope die.
The entrepreneurs in Lower Saxony are currently only assuming a production increase of 6 percent compared to 2020.
Corona in Lower Saxony 2021: It also looks bleak in the auto industry
Most industrial jobs in
Lower Saxony
are provided by the automotive industry.
Around every second job in industry is in the automotive sector.
In the industry, entrepreneurs were hoping for
a plus of 13 percent in
December
2020
in 2021. According to the survey, the hoped-for growth increase has shrunk to a measly 8 percent.
Service providers and retailers fear an even greater decline in the forecast for 2021, according to the employers' associations.
Here, the forecast fell from 20 percent to 8 percent due to the corona pandemic.
The sharp drop in growth is not without consequences.
The industry in Lower Saxony expects the loss of 55,000 jobs in 2020 and 2021. Of these, 35,000 are expected at the automotive supplier companies, according to Niedersachsenmetall.
A “collapse” on the labor market has so far been prevented by the short-time work allowance, said Schmidt.
Corona does not give up.
So we stick together all the more firmly.
The infection numbers in #Niedersachsen are still high.
It is therefore important to reduce our personal contacts to our own domestic family.
It's not easy, but we can do it.
pic.twitter.com/CJmNuCdokx
- Lower Saxony state government (@NdsLandesReg) January 13, 2021
Corona in Lower Saxony: Prime Minister comments on the 2021 financial year
Not only the companies in
Lower Saxony
paint a gloomy picture for the
economy
in the
Corona year 2021.
Prime Minister Stephan Weil (SPD) is also not very optimistic.
“The 2021 financial year will be very difficult.
We will have to prepare for a wave of bankruptcies, although the state has made every effort not to let the economy down "
- Stephan Weil across from the RND
The social democrat expects the corona pandemic to have severe consequences for the economy in Lower Saxony.
A crisis on the scale of the corona pandemic cannot be completely absorbed by the general public, said Weil.
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Corona in Lower Saxony 2021: The economy must be revived quickly
The Prime Minister pleads for the revitalized branches of the
economy
as quickly as possible
.
In this way, the costs of the
corona crisis could be
paid off
through growth
.
He referred to the "rapid" recovery of the economy after the financial crisis in
2009
.
But concrete measures were also discussed.
According to Weil, another approach could also be to involve those who have profited from the crisis more closely.
For example, online trading could be used more.
The
Prime Minister
also mentioned a
wealth tax
as a possibility.
He prophesied that this would also play
a role in the
federal election campaign
.
"You will certainly have to ask whether the stronger shoulders don't have to carry more than the weaker ones, for example through a wealth tax"
Stephan Weil
Corona and the economy: the gross domestic product
The economists of the Landesbank von Norddeutschland, on the other hand, have a more positive view of the economy in
2021
.
According to the experts' forecasts,
German economic output in
Germany
will increase by 3.5 percent.
However, it is assumed that the corona situation will gradually improve.
Should that be the case, the gross domestic product (GDP) in the Federal Republic of Germany would increase by 4.1 percent compared to 2020.
In the first Corona year
2020
, according to estimates by the Federal Statistical Office, GDP slumped by 5 percent compared to the previous year.
Only after the financial crisis in 2009 was there a stronger decline in GDP.
At that time it was 5.7 percent.
(Lucas Maier with dpa)
* hna.de is part of the nationwide Ippen-Digital editorial network.