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VP Bank Corona-Crisis-Barometer: Despite the tense new infection situation, further improvement

Dr. Thomas Gitzel, Chief Economist
Reading time: 2 Min
The economy is twofold

VP Bank Crisis Barometer

Last updated: January 19, 2021

The VP Bank Crisis Barometer probably reflects the current situation relatively well. Despite a tense new infection situation, economic development is surprisingly good in many areas. The industrial sector in particular is doing well. The order books are filling up. In the USA, manufacturers of consumer goods in particular are rejoicing, as reported by the Institute for Supply Management (ISM Institute). The special Corona demand is expressed in it. This can be seen from the increasing demand for electricity.

Meanwhile, the situation in the service industry continues to look like. Within our crisis barometer, for example, the number of passengers at US airports remains far below the pre-crisis level. Declines of more than 60% can still be reported. The picture of a two-tier economy will likely show up for some time.

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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