Effectiveness of economic support programs to alleviate effects of coronavirus crisis not yet assessable

Are the economic support programs that the federal and state governments are establishing in order to support businesses in the coronavirus crises sufficient? This will become evident only much later:  63 % of survey participants are uncertain whether the measures that have been announced or established so far are sufficient to avert massive economic damage from the coronavirus pandemic. This is very difficult to assess at this point in time, they say, and depends on the still unforeseeable extent of the damage and the duration of restrictions. Different sectors will also be affected to varying degrees, which makes it difficult to distribute funds according to need.

“The challenge for politicians is to distribute funds to the right companies. It is to be expected that companies that were already affected before Corona will also receive aid. Overall, not only short-term growth but also the prosperity of society could be affected,” one respondent comments.

Source: Poll conducted by the IVAM Microtechnology Network on March 19, 2020 among its members based in Germany.