Open AccessGERMAN ECONOMY IN THE PERIOD OF CORONAVIRUS: CONSEQUENCES AND NEW CHALLENGES
Author(s) -
Inna Chuvychkina,
AUTHOR_ID
Publication year - 2021
Publication title -
èkonomičeskie i socialʹnye problemy rossii
Language(s) - English
Resource type - Journals
ISSN - 1998-1791
DOI - 10.31249/espr/2021.03.05
Subject(s) - german , german government , german economy , pandemic , government (linguistics) , coronavirus , covid-19 , human capital , business , german model , economic policy , development economics , quality (philosophy) , economic growth , economics , political science , market economy , economic system , geography , medicine , linguistics , philosophy , disease , archaeology , pathology , infectious disease (medical specialty) , epistemology
The pandemic has had a negative impact on the socio-economic situation of many German citizens. Measures taken by government bodies to contain the spread of coronavirus infection significantly limit economic activity. The coronavirus crisis sets new challenges for the German federal government in terms of maintaining employment, stabilizing social security and strengthening the manufacturing sector. The paper examines the consequences of the coronavirus pandemic for the German economy and the prospects for its development. Pays special attention to the relationship between the rates of economic recovery and the quality of human capital.