BERLIN (Dow Jones) – Industry President Dieter Kempf has warned of serious consequences if the contact closures in the corona crisis are further extended. “Every week of a shutdown, the German economy costs a mid double-digit billion amount of added value,” Kempf told the newspapers of the Funke media group. “Such a cut cannot be endured for months and creates massive losses in prosperity and permanent damage to the economy and society.”
The president of the Federation of German Industries (BDI) demanded that politicians must work continuously to ensure that they can get back on the job as quickly and reliably as possible – and provide an ultimatum: “Our companies want and need to know in what stages this is social and economic life should start again – after the meeting of the Federal Chancellor with the Prime Ministers on May 6th. ” The goal must be a binding planning horizon for companies.
Kempf also called for a significant expansion of the corona tests. “Currently, the capacity is around 900,000 tests per week. It is unacceptable that around half of this capacity remains unused in the phase of ongoing uncertainty about the dimension of corona diseases,” he criticized. “Economic activity can only be ramped up with reliable test results.”
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(END) Dow Jones Newswires
May 01, 2020 19:00 ET (23:00 GMT)