Brief economic corona news from August 26
FHI, Federation of Technology Industries – August 26, 2020
- A third support package for companies that have run into problems due to the corona crisis seems close. According to NOS the coalition is close to an agreement. However, the current support measures, which run until October 1, will be weakened. In particular, the NOW scheme will be overhauled. The package may be announced on Friday.
- World trade shows a decline of 12.5 percent in the second quarter. However, the month of June shows an upward trend, as the CPB reports: growth in that month amounted to 7.6 percent.
- The German government is extending the support measures that have been taken to strengthen the economy. 10 billion euros are being set aside for this purpose, writes Nu.nl. On Tuesday it was announced that sentiment among German entrepreneurs and managers is improving. The contraction in the quarter (9.7 percent) is also a fraction lower than previously expected.
- ABN Amro expresses the expectation that the IT sector will be back above pre-crisis turnover levels next year. Thanks in part to the large number of people working from home, growth of 4 percent in the sector is expected for 2021, despite a small dip of 2 percent for this year.
- The RIVM sees little point in using UV-C light to purify the air in public spaces from the pathogenic coronavirus. According to The Telegraph is that possibly a setback for lamp maker Signify. That company is focusing on UV-C as a corona fighter.
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