Let’s Hope the European Economy Starts to Rebound, As Germany Reopens
Skerdian Meta • 1 min read
Three months ago, European countries started to go into lock-down, as the coronavirus broke out in the continent, following the horrors in Italy. The lock-down was supposed to be for a couple of weeks at first, but then was extended up to three months almost.
This extended lock-down almost killed all economies of the West and everywhere for that matter. Today we heard Moody forecast a 6.5% GDP contraction in Japan. Although, we are seeing some signs of life as the world starts to reopen. Today German officials said that they will open border with Europe and travel warning to other countries will be replaced with travel guidelines.
Comments by German foreign minister, Heiko Maas
- Germany preparing decision to lift travel warning for EU and some other countries
- Are preparing a decision for Cabinet tomorrow
- The aim is to lift travel warning for EU and some other countries
- Will meet with neighbouring/transit countries before 15 June to discuss principles
- Want to replace travel warnings with travel guidelines