Russian Industry Federation President Russwurm stated that there is a great uncertainty about the new type of coronavirus (Kovid-19) outbreak, and stated that they expect an increase of approximately 3.5 percent in GDP this year.
In his speech at the meeting held on the state of the German economy and industry in 2021, Siegfried Russwurm, President of the German Industry Federation (BDI), said that the economic recovery after Kovid-19 is under threat. “The uncertainty about the further expansion of the coronavirus epidemic is great, the economic situation is still difficult,” Russwurm said. said.
Stating that the German economy will not return to the pre-crisis level this year due to the high uncertainty, Russwurm said, “However, it is likely to return to the pre-crisis level in the first half of 2022.” used the expression.
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Drawing attention to the importance of the industry for the German economy, Russwurm emphasized that the German industry will be the driving force of the country’s economy and prosperity in 2021.
Calling on the German federal government and state governments to “more predictability” and “more reliable planning” in the Kovid-19 outbreak policy, Russwurm said, “It is not a symbolic policy based on hope, but a medium-term strategy based on the principle of evidence …”.
Stating that differentiated and more innovative solutions are expected from politicians instead of broad restrictions, Russwurm said, “Clear suggestions are important to ease restrictions wherever possible. Less bureaucracy, better infrastructure, more incentives for innovation and investment …” Russwurm also stated that they expect an increase of approximately 3.5 percent in GDP this year.
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