GERMAN ECONOMY IN THE PERIOD OF CORONAVIRUS: CONSEQUENCES AND NEW CHALLENGES | Zendy

Inna Chuvychkina | Zendy

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GERMAN ECONOMY IN THE PERIOD OF CORONAVIRUS: CONSEQUENCES AND NEW CHALLENGES

Author(s) -

Inna Chuvychkina

Publication year - 2021

Publication title -

economic and social problems of russia the digital economy current state and prospects

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 , business , economic policy , human capital , german model , development economics , economics , economic growth , political science , market economy , economy , geography , medicine , linguistics , philosophy , disease , archaeology , pathology , infectious disease (medical specialty)

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.

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