Germans fear economic crash more than the virus

A clear majority of Germans fear the financial consequences of the Corona crisis, far fewer people are afraid of the disease itself. The elderly share the same concern. Six out of ten Germans fear the macroeconomic impact of the SARS-CoV-2 pandemic. This is the result of a representative Civey survey commissioned by Daily Mirrors Background.

On the other hand, only 43 per cent of respondents indicated that they were "very concerned" about an infection with the virus, 23 or 13 per cent fearing a loss of social cohesion and unity. Far fewer people worry about their own professional future than about the overall economic situation, which is only a 17-percent. Each fifth indicated that they or they were driving him or her around the current travel restrictions. 4.000 people participated in the survey and the sample error was 2.5 per cent.

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Concern for the economic future of the Federal Republic and the EU is one of the main drivers of the current louder debate on the gradual reduction of the restrictions imposed by the Corona crisis. Chancellor Angela Merkel (CDU) is still insisting that she wants to evaluate the effects of the lockdown on the spread of infection first, so that she can then discuss further steps after Easter.

Meanwhile, a paper is circulating in government circles that outlines concrete exit routes, and Ethics Council Chairman Peter Dabrock, as well as FDP Chief Christian Lindner and NRW Prime Minister Armin Laschet (CDU), is calling for a discussion on ways out of the lockdown, while leading health experts were hoping for a letter to Health Minister Jens Spahn (CDU), "Recognize our country after Covid-19".

The likely scenario is that schools and kitas will be reopened in April or May in order to gradually revive retail trade and economic life, with strict rules on distance at the same time in force, Wide testing and digital detection of infectious pathways.

Young people especially fear for their job

According to the survey of 30-to-39-year-olds, child care is a more subordinate concern, i.e. for a 16-percent of respondents. There are clear differences between age groups in concern for their own professional future. Here it is shown that in established careers the job security is seen more relaxed. For example, every third of 18-to-29-year-olds are concerned about the job, the ratio is constantly falling in age groups to 18-percent among 50-to 64-year-olds and to 3.6 percent among retired people.

Conversely, the concern about infection with the virus is represented by 60-percent of the over 65-year-olds, but only 20-percent of the youngest. In all age groups, concern for the overall economic situation is the greatest, but only in people over 65 is it equal to the fear of disease. For all other concerns, there are no different values related to age.
There is the strongest emphasis on the economic consequences of the pandemic among FDP supporters. Three quarters of them are most concerned about this, while only one third is afraid of infection. The least worried about infection are AfD sympathizers (37 percent), left, green (per 41), SPD (46) and Union supporters (53). Concerned about economic consequences, behind the FDP supporters are those of AfD (63), before the Union, SPD and Greens (between 56 and 58) and finally the left (47 percent).
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