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Experts expect massive corona consequences for the British labor market
5.15 a.m.:
Economists expect unemployment to rise further in the UK in the coming year.
The Furlough program, which is similar to the German short-time work, will ensure more security for consumers and companies at least until spring, said British economist Andrew Lee from the Baden-Württemberg Cooperative State University of the dpa.
"After that, I expect unemployment to rise, coupled with harsh criticism of the Furlough."
The so-called “Furlough” program, which is based on the model of short-time working, will run after an extension until the end of April 2021. “Many layoffs are postponed,” said economist Stefan Legge from the University of Sankt Gallen.
The devastating effect of the pandemic is therefore unlikely to fully unfold on the labor market until spring.
In its current forecast, the supervisory authority Office for Budget Responsibility is assuming 7.5 percent unemployed in Great Britain by the middle of next year - provided that quick vaccinations herald the beginning of the end of the Corona era.
The unemployment rate is currently just under five percent, at the beginning of the pandemic it was still under four percent.
Whatever winter goes, the UK will likely have more unemployed in 2021 than it has been in a long time.
Economic expert Legge sees a pattern in this: “The structural problems become particularly visible in such a crisis.
In countries like Great Britain or Italy, you can see how thin the structure is. "
Intensive care physician for "a very quiet Christmas"
04.55 a.m.: In
view of the persistently high corona numbers, intensive care
physicians
in Germany appeal to citizens to refrain from meeting in a larger group at Christmas.
"We would like people to think back to themselves this year, to celebrate a very quiet Christmas with the very, very tightest of families," said the President of the German Interdisciplinary Association for Intensive Care and Emergency Medicine (Divi), Uwe Janssens dpa.
That would be a great help for all nurses in the intensive care units who would work over Christmas and are afraid that 14 days later things would get worse.
There are still no signs of relaxation in the hospitals.
According to the Divi on Monday, 5167 Covid-19 patients are currently being treated in intensive care - that's about 500 more than in the previous week when 4670 people were treated with Covid-19 in intensive care units.
2690 of the patients are currently being ventilated invasively.
Ifo boss Fuest criticizes EU crisis management
04.45 a.m.:
The head of the Munich Ifo Institute, Clemens Fuest, calls for more European unity in the fight against the corona virus and criticizes the entry bans from Great Britain.
"The symbolic effect of the foreclosure at the moment could not be clearer, even if it is caused by the pandemic," said Fuest of the newspaper "Handelsblatt".
It is becoming clear once again that crisis management in the pandemic is shaped by decisions by the nation states.
The French government will primarily take into account the interests of its own people, this of course also applies to other governments.
"We need more European cooperation here."
Malaysia Secures AstraZeneca's Vaccine Candidate
04.25 a.m.:
According to Prime Minister Muhyiddin Yassin, Malaysia is securing 6.4 million doses of the Covid-19 vaccine from the Swedish-British pharmaceutical manufacturer AstraZeneca.
The government is in negotiations with the Chinese biotech companies Sinovac and CanSino and the Russian Gamaleya Institute for additional vaccination doses, said Muhyiddin in a televised address.
Malaysia expects to get enough doses to vaccinate more than 80 percent of the population.
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cop / AFP / dpa / Reuters
