VP Bank Corona-Crisis-Barometer: The crisis barometer treads on the spot

Last updated: January 26, 2021

In a weekly comparison, only a marginal improvement can be reported. Ultimately, economic activity remains unchanged on a weekly basis. The individual indicators in our barometer are also treading water. So it is not the case that there is an improvement in one area and a deterioration in the other. The situation has not changed. The restaurant bookings are still in the deep red compared to the pre-crisis level. The increasing demand for electricity that has been reported over the past few weeks is likely to be an expression of the flourishing industrial economy.

It remains exciting to see how the change in leadership in the White House will affect the barometer in the coming months. The new US Treasury Secretary Janet Yellen will now try to get the necessary votes for the proposed Corona aid package. Successful adoption would also further increase economic activity.