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ARTICLE · 10 SEPTEMBER 2020

Effective Crisis Management Should Attract Foreign Investors To Germany

Like other countries, Germany was hit hard by the coronavirus pandemic.

GermanyGovernment, Public Sector
Ursula Meyers
Ursula Meyers
Like other countries, Germany was hit hard by the coronavirus pandemic. Over 200,000 cases were reported in a population of 83 million, and shops, offices and factories shut their doors for weeks. As a result, consumer spending, imports and exports, declined sharply across the board.

Economic activity in the year's second quarter shrank by over 10 percent compared to the same time period last year - the worst downturn the nation has experienced in 50 years of tracking financial data.

It sounds like the same gloomy story repeated across Europe, much of Asia, the U.S. and other advanced nations (the situation in developing countries is much worse), until you look at employment figures. Employment in Germany has not contracted to nearly the degree it has elsewhere, providing the country with an unusual level of economic stability with which to weather the crisis. Germany's effective pandemic response, when viewed in combination with other factors, may make the

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