Companies in Europe to see hundreds of billions of euros in production losses
The fight against the coronavirus will lead to production losses, which will cost European countries hundreds of billions of euros. This is the result of the Munich-based Ifo Institute's recent calculations. “In addition to medical reasons, there are also economic reasons for investing massive amounts in health protection. This would help contain the epidemic and at the same time allow us to then gradually lift the closures of schools and businesses, ”says Ifo President Clemens Fuest. In its calculations, the ifo Institute looked at the United Kingdom, Italy, Spain, France, Austria and Switzerland.  ...
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