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The Post-Covid-19 Economy: What Unexpected Traces Does the Crisis Leave Behind in Industries, Regions, and Structures?

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Listed:
  • Klaus-Heiner Röhl
  • Joachim Ragnitz
  • Ulrich Walwei
  • Timo Wollmershäuser
  • Justus Haucap
  • Jarko Fidrmuc
  • Florian Horky
  • Philipp Reichle
  • Fabian Reck
  • Birgit Felden

Abstract

The coronavirus crisis and the ongoing lockdown are likely to permanently change the structure of the German economy, at least in some areas. The organization of work has shifted in the direction of working from home; online retail is showing high growth rates, while stationary specialist retail is suffering heavy losses. The lockdown has also seen massive declines in customer-facing services such as catering, tourism, and the cultural and leisure sectors. The longer the lockdown and the disruptions continue, the more likely it is that there will be lasting structural damage to the economy. What are the consequences for the labor market? Will regional disparities in Germany increase?

Suggested Citation

  • Klaus-Heiner Röhl & Joachim Ragnitz & Ulrich Walwei & Timo Wollmershäuser & Justus Haucap & Jarko Fidrmuc & Florian Horky & Philipp Reichle & Fabian Reck & Birgit Felden, 2021. "The Post-Covid-19 Economy: What Unexpected Traces Does the Crisis Leave Behind in Industries, Regions, and Structures?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(03), pages 03-25, March.
    • Handle: RePEc:ces:ifosdt:v:74:y:2021:i:03:p:03-25
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    1. Jennifer Gossen & Fabian Reck, 2021. "The End of the Sharing Economy? Impact of COVID-19 on Airbnb in Germany," Economic Research Guardian, Weissberg Publishing, vol. 11(2), pages 255-269, December.

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