#Germany #Coronavirus #ECONOMY
About half a year after the outbreak of the corona virus in Germany, one in five companies is still faced with severe negative effects. The economic situation of the companies has improved significantly
compared to the height of the crisis in spring, said the Institute for Employment Research (IAB) on Friday. In May every third company saw severe negative consequences for themselves.
A representative survey by the research institute of the Federal Employment Agency shows that the hospitality industry was hit hardest by the crisis. There, in May, the proportion of businesses with strong negative effects was 78 percent, currently it is 45 percent.
The manufacturing industry will also be affected by the crisis more than the average. For May, 37 percent of companies reported severe negative effects, while it is currently 29 percent.
The data basis is a survey of more than 1,500 companies, carried out every three weeks, with which the effects of the Corona crisis on the situation of the companies are continuously recorded.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.