This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.nytimes.com/2020/02/14/business/germany-economy-coronavirus.html

The article has changed 18 times. There is an RSS feed of changes available.

Version 16 Version 17
Coronavirus Begins to Sap Growth as Europe’s Economy Slows Coronavirus Begins to Sap Growth as Europe’s Economy Slows
(7 days later)
Growth in Germany came to a halt in the last quarter of 2019 as consumers became more cautious about spending, leaving the economy vulnerable as it begins to feel the effects of the coronavirus outbreak in China.Growth in Germany came to a halt in the last quarter of 2019 as consumers became more cautious about spending, leaving the economy vulnerable as it begins to feel the effects of the coronavirus outbreak in China.
Economic growth in Germany was zero from October through December, the Federal Statistics Office said on Friday, down from 0.2 percent growth in the previous quarter. The chances that Germany will bounce back during the current quarter are slim because of the coronavirus outbreak in China, which has hobbled one of Germany’s most important customers and suppliers.Economic growth in Germany was zero from October through December, the Federal Statistics Office said on Friday, down from 0.2 percent growth in the previous quarter. The chances that Germany will bounce back during the current quarter are slim because of the coronavirus outbreak in China, which has hobbled one of Germany’s most important customers and suppliers.
Disruptions caused by the outbreak are becoming more visible in Europe. Fiat Chrysler Automobiles said Friday that it had stopped production at a factory in Serbia because of shortages of parts made in China.Disruptions caused by the outbreak are becoming more visible in Europe. Fiat Chrysler Automobiles said Friday that it had stopped production at a factory in Serbia because of shortages of parts made in China.
The shutdown, apparently the first by a carmaker in Europe, will add to concerns that the coronavirus could sap what little growth the Continent has been able to muster recently.The shutdown, apparently the first by a carmaker in Europe, will add to concerns that the coronavirus could sap what little growth the Continent has been able to muster recently.
“The crisis risks delivering a substantial blow to the battered industrial sector,” Ángel Talavera, an economist at Oxford Economics, said in a note to clients Friday.“The crisis risks delivering a substantial blow to the battered industrial sector,” Ángel Talavera, an economist at Oxford Economics, said in a note to clients Friday.
The eurozone grew only 0.1 percent during the last three months of 2019 compared with the previous quarter, the European Union’s official statistics office said Friday, confirming an earlier estimate. That was the slowest rate of expansion in six years. Growth for the full year was 1.2 percent, down from 1.9 percent in 2018.The eurozone grew only 0.1 percent during the last three months of 2019 compared with the previous quarter, the European Union’s official statistics office said Friday, confirming an earlier estimate. That was the slowest rate of expansion in six years. Growth for the full year was 1.2 percent, down from 1.9 percent in 2018.
Germany’s economic performance was not as bad as some economists had expected. A steep decline in orders for industrial goods had led to predictions of a recession. Overall growth for 2019 was 0.6 percent, compared with 1.5 percent in 2018.Germany’s economic performance was not as bad as some economists had expected. A steep decline in orders for industrial goods had led to predictions of a recession. Overall growth for 2019 was 0.6 percent, compared with 1.5 percent in 2018.
Until recently, spending by German consumers had helped compensate for a slump in manufacturing. But consumers became more cautious at the end of the year, perhaps unsettled by headlines about major job losses at German automakers.Until recently, spending by German consumers had helped compensate for a slump in manufacturing. But consumers became more cautious at the end of the year, perhaps unsettled by headlines about major job losses at German automakers.
Companies like Daimler, which reported a quarterly loss this week, have been cutting jobs because of slack demand and the cost of developing new technology they need to remain competitive.Companies like Daimler, which reported a quarterly loss this week, have been cutting jobs because of slack demand and the cost of developing new technology they need to remain competitive.
Problems in the car industry are not limited to Germany. The French carmaker Renault said on Friday that profit practically evaporated in 2019. The company acknowledged that it had been “a troubled year.”Problems in the car industry are not limited to Germany. The French carmaker Renault said on Friday that profit practically evaporated in 2019. The company acknowledged that it had been “a troubled year.”
Net profit in 2019 plunged to 19 million euros, or about $21 million, from €3.5 billion in 2018, Renault said.Net profit in 2019 plunged to 19 million euros, or about $21 million, from €3.5 billion in 2018, Renault said.
Renault also warned that its goal of keeping sales steady at €56 billion during 2020 could be endangered by “the possible impacts related to the coronavirus health crisis.”Renault also warned that its goal of keeping sales steady at €56 billion during 2020 could be endangered by “the possible impacts related to the coronavirus health crisis.”
Renault shut down a factory in Busan, South Korea, on Tuesday because of supply chain problems. Renault plans to reopen the factory, a joint venture with Samsung, next week. But a factory in Wuhan, China, the center of the outbreak, will remain closed at least until next Friday on government orders, a Renault spokeswoman said.Renault shut down a factory in Busan, South Korea, on Tuesday because of supply chain problems. Renault plans to reopen the factory, a joint venture with Samsung, next week. But a factory in Wuhan, China, the center of the outbreak, will remain closed at least until next Friday on government orders, a Renault spokeswoman said.
Updated June 30, 2020 Updated July 7, 2020
The coronavirus can stay aloft for hours in tiny droplets in stagnant air, infecting people as they inhale, mounting scientific evidence suggests. This risk is highest in crowded indoor spaces with poor ventilation, and may help explain super-spreading events reported in meatpacking plants, churches and restaurants. It’s unclear how often the virus is spread via these tiny droplets, or aerosols, compared with larger droplets that are expelled when a sick person coughs or sneezes, or transmitted through contact with contaminated surfaces, said Linsey Marr, an aerosol expert at Virginia Tech. Aerosols are released even when a person without symptoms exhales, talks or sings, according to Dr. Marr and more than 200 other experts, who have outlined the evidence in an open letter to the World Health Organization.
Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.
Scientists around the country have tried to identify everyday materials that do a good job of filtering microscopic particles. In recent tests, HEPA furnace filters scored high, as did vacuum cleaner bags, fabric similar to flannel pajamas and those of 600-count pillowcases. Other materials tested included layered coffee filters and scarves and bandannas. These scored lower, but still captured a small percentage of particles.Scientists around the country have tried to identify everyday materials that do a good job of filtering microscopic particles. In recent tests, HEPA furnace filters scored high, as did vacuum cleaner bags, fabric similar to flannel pajamas and those of 600-count pillowcases. Other materials tested included layered coffee filters and scarves and bandannas. These scored lower, but still captured a small percentage of particles.
A commentary published this month on the website of the British Journal of Sports Medicine points out that covering your face during exercise “comes with issues of potential breathing restriction and discomfort” and requires “balancing benefits versus possible adverse events.” Masks do alter exercise, says Cedric X. Bryant, the president and chief science officer of the American Council on Exercise, a nonprofit organization that funds exercise research and certifies fitness professionals. “In my personal experience,” he says, “heart rates are higher at the same relative intensity when you wear a mask.” Some people also could experience lightheadedness during familiar workouts while masked, says Len Kravitz, a professor of exercise science at the University of New Mexico.A commentary published this month on the website of the British Journal of Sports Medicine points out that covering your face during exercise “comes with issues of potential breathing restriction and discomfort” and requires “balancing benefits versus possible adverse events.” Masks do alter exercise, says Cedric X. Bryant, the president and chief science officer of the American Council on Exercise, a nonprofit organization that funds exercise research and certifies fitness professionals. “In my personal experience,” he says, “heart rates are higher at the same relative intensity when you wear a mask.” Some people also could experience lightheadedness during familiar workouts while masked, says Len Kravitz, a professor of exercise science at the University of New Mexico.
The steroid, dexamethasone, is the first treatment shown to reduce mortality in severely ill patients, according to scientists in Britain. The drug appears to reduce inflammation caused by the immune system, protecting the tissues. In the study, dexamethasone reduced deaths of patients on ventilators by one-third, and deaths of patients on oxygen by one-fifth.The steroid, dexamethasone, is the first treatment shown to reduce mortality in severely ill patients, according to scientists in Britain. The drug appears to reduce inflammation caused by the immune system, protecting the tissues. In the study, dexamethasone reduced deaths of patients on ventilators by one-third, and deaths of patients on oxygen by one-fifth.
The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave.The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave.
So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.
A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.
The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.
If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)
If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.
In China, two German carmakers, BMW and Volkswagen, were preparing to reopen factories that have been closed since the beginning of the Lunar New Year holiday. The automakers are eager to resume production in China to avoid any more lost sales in the world’s largest car market.In China, two German carmakers, BMW and Volkswagen, were preparing to reopen factories that have been closed since the beginning of the Lunar New Year holiday. The automakers are eager to resume production in China to avoid any more lost sales in the world’s largest car market.
Volkswagen, which gets almost half its sales from China, said all of its factories would be running by Monday. The company acknowledged that it was “facing challenges due to delayed nationwide restarting of supply chains as well as limited travel options for production employees.”Volkswagen, which gets almost half its sales from China, said all of its factories would be running by Monday. The company acknowledged that it was “facing challenges due to delayed nationwide restarting of supply chains as well as limited travel options for production employees.”
Fiat said supply problems had prompted it to move forward the dates of a planned shutdown at the plant in Kragujevac, Serbia, which produces Fiat 500 subcompact cars. The company said it did not expect the impact to be too dire.Fiat said supply problems had prompted it to move forward the dates of a planned shutdown at the plant in Kragujevac, Serbia, which produces Fiat 500 subcompact cars. The company said it did not expect the impact to be too dire.
“We are in the process of securing future supply of those affected parts, and production will be restarted later this month,” Fiat said in a statement. “We do not expect this change in scheduling to impact the total production forecast for the month.”“We are in the process of securing future supply of those affected parts, and production will be restarted later this month,” Fiat said in a statement. “We do not expect this change in scheduling to impact the total production forecast for the month.”