Friday, May 15, 2020

Germany's factories close due to Covid-19 causing an economic recession

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Like many former posts, Covid-19 has again disrupted the chain of supply and demand.This has caused Europe's largest economy to enter a recession. Part of what has caused Germany to enter this recession is that their economy relies heavily on exports. More specifically, some of Germany's major exports includes cars, vehicle parts, pharmaceuticals, and aircraft engine parts, for example. With German factories closed due to the Covid-19 Pandemic, the world has lost its leading supplier of precision engineered goods 


1. How can Germany save its economy while keeping its factory workers safe? 





2. Can Germany find alternate sources of revenue that don't depend on producing engineered goods in a large scale factory?







  

1 comment:

  1. I don't really think that it is feasible that the workers stay safe and continue to work as long as COVID-19 is still a threat to public health and safety. I think that it would be very hard for Germany to start a large economic business during the pandemic that would operate during the pandemic so I think that they are just going to take a really big hit to their economy, like most of the world is.

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