Market Research Report
Retail Savings and Investments in Germany - (COVID-19) Impact Snapshot
|Published by||GlobalData||Product code||948173|
|Published||Content info||19 Pages
Delivery time: 1-2 business days
|Retail Savings and Investments in Germany - (COVID-19) Impact Snapshot|
|Published: July 1, 2020||Content info: 19 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.
Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with key markets across the world losing 20-50% of their value for the year to date. Many economists and institutions have cut their forecasts, with consensus global GDP growth currently at 2.6% for 2020 and many experts predicting the potential onset of recessionary environments.
A similar trend can be seen in Germany. The country's GDP has been revised downward for 2020 due to the economic disruption caused following the outbreak of Coronavirus. Germany is among the worst affected countries in the world, with total confirmed cases of 195,758 as of July 1, 2020. However, with new cases falling the government is slowly lifting lockdown restrictions. This move is expected to help revive the economy, benefiting the country's retail saving and investments industry.
This report focuses on the impact of the Coronavirus outbreak on the German economy and the country's retail savings and investment market. It also highlights the measures adopted by the government to combat COVID-19. Based on our proprietary datasets, the snap shot contrasts GlobalData's pre-COVID-19 forecasts and revised forecasts of total retail bond, deposits, equities and mutual funds holdings in terms of value and growth rates. It also analyses the effects on HNW wealth, examining the importance of different industries as a contributor to HNW wealth.