Since its emergence, the coronavirus has caused devastating
consequences to the whole world´s health and economy. Germany
is also one of the biggest victims, although it seems to be
slightly better off than other main European Countries.
According to the German government's forecast, gross
domestic product (GDP) in 2020 will fall by 6.3 percent compared to
the previous year. This would plunge the German economy into a
severe recession, which would be more severe than in 2009, which
was a time of financial and economic crisis. The reason for the
sharp decline is the effects of the Corona crisis and the resulting
economic shutdown.
German federal government has launched a series of assistance
packages of measures for business against the consequences of the
coronavirus from March 2020. Here are what you should know about
these significant measures.
