Market Research Report
Payments Snapshot in Germany - Coronavirus (COVID-19) Sector Impact
|Published by||GlobalData||Product code||943960|
|Published||Content info||23 Pages
Delivery time: 1-2 business days
|Payments Snapshot in Germany - Coronavirus (COVID-19) Sector Impact|
|Published: June 15, 2020||Content info: 23 Pages||
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020.
Germany is among the worst affected countries in the world with total confirmed cases of 187,518 as of June 15, 2020. However, with new cases falling the government is now slowly lifting lockdown restrictions, which is expected to help revive the economy.
On March 25, 2020 the German government approved an aid package of €750bn ($842.03bn) to support the economy and contain job losses as a result of the pandemic.
This report focuses on the impact of the coronavirus outbreak on both the economyand the cards and payments industry in Germany. Based on our proprietary datasets, the snapshotprovides a detailed comparison between pre-COVID-19 forecasts andrevised forecasts of total payment card, debit card, and credit and charge card transactions by value and volume. It also offers information on measures taken by the government to combat coronavirus.