Freiburg: “German economy shrinks by 2.2 percent” – Thomas Burger (President of the Baden-Wuerttemberg Economic Association of Industrial Enterprises) comments on the Federal Statistical Office’s report

–

Enlarge?
Click on photo.

Message: If politics and large corporations do not show clear prospects now, there is a risk of further painful loss of performance

“Unfortunately, such a decline in economic output was to be expected, but the numbers are staggering! The German engine of prosperity, which has been in full swing for the past ten years, is starting to stutter.

Lockdown, closed borders, entry and export restrictions also have an impact on industrial SMEs. If politics and large corporations do not show clear prospects now, there is a further painful loss of performance. Keeping everything around the church towers in municipalities, districts, rural areas and the topics of protective masks, non-woven materials and the like certainly brings political applause in places – but no economic progress! “

Thomas Burger (President of wvib Schwarzwald AG).

(Press release: Baden-Württemberg Association of Industrial Enterprises, May 15, 2020)

–