Insolvency moratorium: The worst is yet to come
Stefan SchneiderThe impact of the coronavirus pandemic on growth in the second quarter was dramatic, no doubt about it.
The impact of the coronavirus pandemic on growth in the second quarter was dramatic, no doubt about it. But economic data, as well as the daily and weekly real-time indicators that are now being watched meticulously, show that most countries began to reemerge from the slump back in May. In Germany, production was down by “just” 11.5% year over year in June, after a drop of nearly 25% in April.
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