Altmaier: Government Will Mitigate November Corona Lockdown Damage

October 2020

In the aftermath of the German government’s announcement of a four-week temporary lockdown, German Minister of Economic Affairs and Energy Peter Altmaier has said the state would address its negative economic impact.

Altmaier told reporters that

  • sufficient state aid will be available for businesses as Germany prepares to enter a partial, temporary lockdown from November 2 to November 30
  • no limits would be placed on applications for EUR 10 billion in additional emergency economic assistance
  • Asia – a crucial market for the German economy – was experiencing robust economic recovery.

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