Kiel Institute in the News
Industry and Autos Show Signs of Rebound in Germany
- Factories are begining to resume production after lockdown
- Consumption will take months to recover to pre-crisis levels
The past week may have marked the bottom of the energy demand slump in Germany, with manufacturing giants from Volkswagen AG to BASF SE signaling a rebound may be close at hand. (...)
(...) “The situation of big export markets are pretty bad, such as in the U.S.,” said Gabriel Felbermayr, president at Institut für Weltwirtschaft Kiel, a leading economic institute in Germany. “That weakness will depress the manufacturing sector also in Germany.” (...)
