Against the Background of the Coronavirus outbreak, the mood in China's industry has fallen to a record low. As the Beijing Bureau of statistics announced on Saturday, the official purchasing managers ' index (PMI) of the manufacturing industry in February to 35.7 points, the lowest previously measured value. The previous record low was measured in November 2008 during the global financial crisis. Values above the critical level of 50 points indicate a positive mood in the economy, while such a downturn is to be expected.

The strict measures against the spread of the lung disease Covid-19 had the Chinese economy since the end of January practically brought to a standstill. Slowly the factories and companies take up the work again.

"the world economy could come warned to a Standstill,"

The Economist Timo Wollmershäuser Ifo Institute that the Coronavirus could force the global economy to its knees. In an Interview with t-online.de he said: "The Coronavirus has the potential to bring the world economy to a Standstill." Now also German businesses would feel the economic impact of the Virus, the Director of economic forecasting at the Ifo Institute.

the policy should respond thus: "The Federal government should engage businesses, because of the Coronavirus production failures. An appropriate measure would be an expansion of short-time working money." Wollmershäuser expects shortages due to production downtime in China, delivery will be no later than in April in Germany, too, is noticeable. "Then we need to talk about whether the state pays the short-time working money also, if the order books are actually full. It would make sense." René wants to return, which means you save for retirement and have more money now FOCUS Online René return want to save for retirement and have more money now

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