Intelligence

German Perspective - 21.7.20

21/07/2020

Companies are complaining about a lack of orders and the impression is that economic activity has been suppressed because of covid-19. This is certainly true for tourism and related industries, restaurants and cultural life, as well as textiles and shoes, but generally, covid-19 has become an excuse. Shipping is an example: it's hard to believe how difficult it is to get sufficient freight space and timings at adequate prices. Nobody can be blamed, because this is what is called 'capitalism' and a free market - as long as taxpayers’ are not paying for it. 

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