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Ifo Institute sees the delta variant as a threat to the economy

2021-06-25T02:04:59.892Z


Virologists are convinced that the more contagious delta variant of the coronavirus will also spread in Germany. The Ifo Institute fears effects on the economic recovery.


Virologists are convinced that the more contagious delta variant of the coronavirus will also spread in Germany.

The Ifo Institute fears effects on the economic recovery.

Berlin (dpa) - The economic research institute Ifo has warned of a setback in the economic recovery if the corona infection numbers rise again because of the new Delta variant.

"The Delta variant is a serious threat to the German economy," said Ifo President Clemens Fuest to the news portal t-online in an interview published on Sunday. All would not be lost if the incidences rose again as a result of the variant, added Fuest. However, the recovery would be delayed. In particular, the areas that had already suffered severely from the pandemic would be affected again, i.e. the travel industry, restaurants or retail. "Then we would have a hard autumn ahead of us."

According to figures from the Robert Koch Institute for the first week of June, the proportion of the Delta variant in Germany had almost doubled to six percent within a week.

In Great Britain, the more contagious variant has taken over the dominance - although vaccinations there are much more advanced than in Germany.

Easing was stopped there because of increasing incidences.

In general, Fuest does not consider the crisis to be over yet.

Without the pandemic, the economy would have grown in the past year and a half, he said.

“Instead, we have accumulated an enormous mountain of debt during this time.

We will feel the effects of the crisis for a long time to come. "

The economists at the Munich institute recently cut their growth forecast for Germany for this year to 3.3 percent - mainly due to bottlenecks in the delivery of preliminary products such as chips for the automotive industry.

According to experts, the economy could reach the pre-crisis level at the beginning of next year.

© dpa-infocom, dpa: 210620-99-69457 / 2

interview

Source: merkur

All news articles on 2021-06-25

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