Germany has received international praise for the early measures it took to limit the negative economic effects of the coronavirus pandemic. But how much of this was down to government policy? We take a closer look.
Focus All Hands on Deck
In the race to find a coronavirus vaccine and treatments, the German government has teamed up with pharma and biotech firms. And that’s not all. The healthcare sector is booming as a result of the crisis, and opportunities for international investors are opening up in many industries in Germany.
Interview with Michael Hüther: The director of the German Economic Institute in Cologne, considers Germany’s response to the corona crisis and the direction the economy will take.
The coronavirus pandemic has created new arenas and chances for investors interested in German businesses. The openings are particularly apparent in robotics, 3D printing, data protection and e-learning.
One U.S. company is pushing ahead with European expansion plans from its new base in Munich despite the corona crisis. Digitalization platform provider Tulip is confident that its future looks bright in Germany.
Interview with Thomas Jarzombek, the Ministry for Economic Affairs’ commissioner for the digital industry and start-ups.
Germany’s market for medical technology – worth EUR 38 billion in 2019 – was already one of the largest in the world before the coronavirus. But the arrival of Covid-19 brought exponential growth in demand for German medical solutions.
In the global race to deal with Covid-19, Germany’s extensive network of pharmaceutical companies are involved in major international collaborations and are benefiting from generous government support. German pharma is driving digitalization forward.
Telemedicine in Germany has made the leap from maybe-someday to must-have, and the sector continues to evolve at “corona crisis speed.”
The coronavirus has had a major impact on all aspects of the German economy, but for the fintech sector in particular, the challenges created by the pandemic are quickly turning into opportunities.
In their joint response to the pandemic, Europe and Germany are coupling economic and environmental policy in order to make climate neutrality a reality by 2050.