managing director of the german economic institute in cologne thanks all for joining us on business is the german economy in desperate need of rio i think. the economy is in better shape than in spring last year with the manufacturing sector was hot so far but major surgery is not that much of starts a. lot of. bait say it's going to respect since. you mention. retailing and also just the time to start there are. probably the. first steps are. there of this health risks to reopening seem particularly if there is a danger of more dangerous very integrated virus spreading but one of the economic risks of reopening to seen. well 1st of all we don't become the source code base although from an economic point of view a certain race would mean you're getting a hard prescription and then you come over to present it over a period of time but the other side don't you cannot have thought long and go got longer lock down especially for. industries starts right now so what you need is our sponsor just big money if it's racing and it's pretty got. all these topics on the table for prolonged period

is costing the german economy a whopping one and a half 1000000000 euros according to the german economic institute in cologne the retailers hotels and transport sector all missing out and it's a similar picture across the world to the famous venice carnival this year is going on line with digital potties running until tuesday and rio de janeiro has to make do with its allowed in colorful spectacle this year losing out on something like one and a half $1000000000.00 in revenue because like everywhere else in the world this year the coronavirus is taking center stage. carnival time in rio a raucous riot of costumes and color of people and performances except not this year the world famous sound will host vaccinations not crowds and sampras city is all but deserted. without the parades and the people the performers who would normally be rehearsing here are out of work . it is normally you have the 102120 people who are working producing everything for the parade and then on the day of the parade you have other jobs like the float pusher security even more people. as well as the many thousands of jobs

well on that point let's hear from the best boxers the managing director of the german economic institutein. there i asked him what the risks are of reopening too soon. well 1st of all we don't become a forest service based on that from an economic point of view a certain race would mean you get a high risk groups that you cannot meet with the president preferred over period of time but the other side you also cannot avoid a long ongoing long lockdown especially for the industries that act right now so what you need is our sponsor as big as my specs racing and it's critical. to all of these topics are on the table for a pretty long period of time and it's a slow it is a tough decisions that governments have got to make include which sectors to open and when i mean missing schools opening in germany today let's say if you were advising that the german government which sectors would you be telling them to be opening up 1st it's very difficult to make a list of school opening eyes is primary school is that opening today i mean gives the parents your students you soon to go back to work there

pun demick a move that will cost the german economy $1500000000.00 euros according to the german economic institute in cologne retailers hotels on the transport sector it will all be missing irish it's a similar picture across the world the famous venice carnival this year is going online with digital parties running until tuesday. and rio de janeiro 2 has to make do without it's lived under colorful spectacle this year using it on an estimated one and a half $1000000000.00 in revenue softly like everywhere else in the world this year the coronavirus is taking center stage. carnival time in rio a raucous riots of costumes and color of people performances except not this year. the world famous samberg drome will host vaccinations not crowds and sampras city is all but deserted without the parade and the people the performers who would normally be rehearsing here are out of work . it is normally you have the 102120 people who are working producing everything for the parade and then on the day of the parade you have other jobs like the float pusher security even more people. as well as the many thousa

is costing the german economy a whopping one and a half 1000000000 euros according to the german economic institute in cologne retailers hotels on transport sickness all missing out and it's a similar picture across the world to the famous venice carnival this year is going on line with digital parties running until tuesday and rio de janeiro has to make do with out loud and colorful spectacle this year losing out on something like one and a half $1000000000.00 in revenue because like everywhere else in the world to this year the coronavirus is taking center stage. carnival time in rio a raucous riots of costumes and color of people performances except not this year. the world famous sam bedroom will host vaccinations not crowds and sampras city has all but deserted without the parades and the people the performers who would normally be rehearsing here are out of work . which is normally you have the 102120 people who work in producing everything for the parade and then on the day of the parade you have other jobs like the float pusher security even more people. as well as the many thousands of job

pandemic a move that will cost the german economy $1500000000.00 euros according to the german economic institutein cologne retailers hotels on the transport sector it will all be missing irish it's a similar picture across the world the famous venice carnival this year is going online with digital parties running until tuesday. and rio de janeiro 2 has to make do without it's lived under colorful spectacle this year losing out on an estimated one and a half $1000000000.00 in revenue. like everywhere else in the world this year the coronavirus is taking center stage. carnival time in rio a raucous riots of costumes and color of people performances except not this year. the world famous samberg drome will host vaccinations not crowds and sampras ity is all but deserted without the parades and the people the performers who would normally be rehearsing here are out of work . it is normally you have the 102120 people who are working producing everything for the parade and then on the day of the parade you have other jobs like the float pusher security even more people. as well as the many thousands o