German Business Outlook Worsens Amid Ongoing Uncertainty

The transcript discusses the impact of vaccines on business outlook, highlighting that while vaccines are seen as positive, their distribution will take time, affecting economic recovery. Businesses desire long-term strategies but face uncertainty due to the pandemic. Economic recovery is expected to broaden in 2022, not 2021. Private consumption is recovering, but spending is limited in sectors like travel and dining due to restrictions.

What is the general sentiment among businesses regarding the vaccine news?

• Indifference

• Immediate economic recovery

• Cautious optimism

• Pessimism

What do businesses desire in terms of government strategy during the pandemic?

• A short-term plan

• No plan at all

• A long-term strategy

• Frequent changes in strategy

When is the economy expected to reach pre-pandemic levels according to the transcript?

• 2022

• 2021

• 2023

• 2024

Which sectors are mentioned as being restricted, affecting consumer spending?

• Technology and electronics

• Education and healthcare

• Automobile and aviation

• Hotels and restaurants

What is the main reason for lower consumer spending during the pandemic?

• High inflation

• Inability to spend

• Lack of money

• Increased savings