Stock market authority head anticipates no significant decrease in share values
Hanging Out in Berlin During These Tough Times
Hey there! It's a tricky time in Berlin, especially for our friends in the hospitality, tourism, arts, and culture sectors. With the CEO of investment firm DWS, Asoka Wöhrmann, backing a "light lockdown," we're bracing for a brief economic chill. But fear not! Wöhrmann isn't expecting a repeat of the dramatic market crash we saw during the initial COVID-19 shock in March.
As we navigate the dialogue before the summit with German Chancellor Angela Merkel, it's all about regaining discipline. Wöhrmann thinks some measures, even seemingly drastic ones, might be necessary to make the situation crystal clear for the public. School closures, he suggests, should be a last resort—only in extreme cases.
On the other hand, Wöhrmann believes restrictions on hospitality businesses are necessary to keep the economy from grinding to a halt entirely. However, he stresses the importance of having the right aid programs in place to protect these industries from long-term damage—it's crucial to preserve the vibe of Berlin's vibrant social life.
History reminds us that during the COVID-19 pandemic, the German government stepped up with a substantial stimulus package and targeted aid for affected businesses. But there's no specific word yet on how a "light lockdown" might get support for the affected sectors in Berlin. To stay informed, it's best to keep an eye on official government sources or recent news updates regarding Berlin's lockdown measures and economic support.
In the meantime, share this info with your mates and keep an ear out for the latest developments. Who knows? Maybe we'll find some hidden gems in the help that comes our way! #BerlinStrong 💙🐻🐻🐻
Other sectors besides hospitality, such as finance and business, may face challenges during Berlin's "light lockdown" as well, given the interconnectedness of the economy. Politics and general-news outlets should provide updates on support programs for these industries during these times.
