DIHK flash poll March 2020
Corona crisis is an extreme challenge for the whole economy
DIHK: Concrete measures must follow in the next few days
Repercussions of the coronavirus on the German economy are already noticeable.Trade fairs, events and travel plans are cancelled, employees are put under quarantine. Foreign trade, especially with China, has stalled for several weeks now. Almost every second company in Germany expects declining revenue in 2020 as a direct result of the coronavirus. In addition,companies are already noticing disruptions in their business processes.70 percent of companies have introduced protective measures for their employees in connection to the coronavirus outbreak. This primarily concerns the procurement of medicine and hygiene materials as well as instructions on appropriate hygiene measures. 60 percent of companies feel a need for information about continued remuneration. 45 percent pof companies are unsure about the appropriate handling of infected employees and suspected cases of corona within their company. From the companies' point of view, concrete immediate economic policy measures should first and foremost aim at employment and liquidity protection.
The survey results are available for free download below:
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