Economic damage due to Corona: konkjunktur program against the Virus

In China, a break exports to more than 17 percent. But also, the Federal government must now reflect on how you deal with losses. Could affect the Coronavirus

Economic damage due to Corona: konkjunktur program against the Virus

In China, a break exports to more than 17 percent. But also, the Federal government must now reflect on how you deal with losses.

Could affect the Coronavirus to the German export economy? Photo: Christian Charisius

Hong KONG/BERLIN, afp/reuters | Due to the Corona-crisis, the Chinese exports in January and February fell compared to the same period last year by more than 17 percent. Exports fell in the two months, a total of 17.2 percent, such as from the on Saturday presented Figures from the Chinese customs show. This is the biggest drop since February, 2019 – at the time, the people's Republic was in the midst of the trade war with the United States.

the spread of the Coronavirus curb, had the government in Beijing, the holiday for Chinese new year up to 10. February is extended. But since then, the economy is running very slowly again. Many factories are struggling with quarantine regulations for their workers, interrupted supply chains and limited transport routes.

in Europe, the Virus spreads from there. In France, there is now the eleventh event of death. In Germany are infected, according to the findings of the Robert Koch Institute, approximately 680 people. The Federal government now wants to plan how you can compensate for the economic losses.

Before the Meeting of the coalition tips on Sunday, representatives of the government have asked the company and workers with financial relief because of the corona virus-crisis in a view. Minister of labour, Hubertus Heil (SPD), has announced advanced rules for short-time work. Economy Minister Peter Altmaier (CDU) stressed on Saturday his Three-stage Plan for the company. Disputed between the Union and the SPD long-term investments.

healing said the Stuttgarter Zeitung and the Stuttgarter Nachrichten, the government will facilitate the use of the instrument of short-time working. The Minister cited the example of the requirement that all working time accounts would have to be in a company to Zero – that is, in the case of a short-term closure due to the Coronavirus but not possible.

there is also A requirement that at least a third of the workforce of an establishment of considerable work, is failure of affected – this threshold wool to reduce the coalition, reported the "Handelsblatt", citing coalition circles. In addition, it should be decided that the employer should pay for the social contributions, the hours are lost due only to the half.

healing called on the employers to shoulder part of the responsibility. I would like to state short-time working, up to 67 percent of the failed net income in the financial crisis, the employer had closed the gap. "It would be good if the employer would behave this time, so fair", said the SPD Minister.

Date Of Update: 07 March 2020, 16:00

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