Head of IHS: “You should allow yourself a third lockdown”



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How accurate and how well do you think Corona’s help is?

They are very accurate in the sense that we have only seen some effects of a very deep economic crisis. In the labor market, we see an increase in unemployment, but much less than it would be if there were no short-time work models. In the corporate sector, we see that there were up to 30 percent fewer bankruptcies this year than in 2019. But are the right ones being promoted? What does the distribution effect look like? We still know very little about it. I think it was a very balanced package, but that in many areas different decisions could have been made in individual cases.

There are curious examples of income replacement. In the current model, the betting shop is replaced by 80 percent, the florist a maximum of 60 percent. Is that fair

Naturally, there will always be injustice with large-scale financial aid. See reduced time allowance: There are people with reduced time work who receive almost the same compensation as people who have to work 100 percent. This injustice is inherent. The question is: Would it have been possible to find adequate solutions that generated less injustice? When replacing sales, it was important that payment could be implemented quickly. If you decide on such a model, you must accept this vagueness.

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