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VP Bank Corona-Crisis-Barometer: back on track

Dr. Thomas Gitzel, Chief Economist
Reading time: 2 Min
Spread of the virus mutation is a cause for concern

Crisis Barometer

Last updated: February 24, 2021

The VP Bank Crisis Barometer can make a small leap forward in a weekly comparison. The gap to the “normal state” is not too far away. Compared to the previous week, the restaurants in particular have picked up. The new corona infections, which have declined over the past few weeks, have made it possible for restaurants, bars and hotels to offer their usual service on the spot.

Meanwhile, there is concern about the increasing spread of the highly infectious British virus mutation, which also appears to be spreading in the USA. According to a report by the US health authority, the virus variant has already been detected in 26 states. This could also explain why more new infections have been registered in the USA for the first time in a long time. In the meantime, however, there are signs of considerable growth in the US in the first quarter by international standards. Based on the calculation of the regional central bank of Atlanta, the US economy could grow by more than 2% compared to the final quarter of 2020.

On the barometer: The measures taken to control the spread of the coronavirus have been drastic. The global economy is severely impaired, resulting in an unprecedented drop in gross
domestic product (GDP). The question is now, how fast the economy will rebound if the restrictions are lifted.

The VP Bank Corona Crisis Barometer tracks how well the economy is recovering.

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