Eight weeks from the height of its coronavirus outbreak, germany has slowly back to normal. When every nation in the world suffers with outbreak of pandemic virus germany is trying to come out of the problem. Germany's successful response to the coronavirus is attributed to early lockdown, extensive test plan and functioning of its robust healthcare system. There are more than 1.83 lakh positive cases recorded in germany including 8,500 causalities. It is the question how they handle economic situation amid lot of suspicions and doubts.
German government stimulus economic plan is so good and everyone should accept. Economic plan has safe-guard and protect every section of the people. German government allowed its citizens not to pay rent if they affected with covid-19. angela Merkel made this as an act which gave shelter to all its citizens. Merkel government gave exception to people not to pay any taxes to government and allowed them to pay in 2021. germany gave 15 billion Euros of free money to entrepreneurs and start-ups.
The government paid of 70% of salaries of the people in small business to get out from the financial crisis. This will gave job security to all employees who are working in Small Scale Industries. government allocated 600 billion Euros as loans to all big industries aiming to survive and retain the jobs. On a whole, germany is spending 60% of its GDP just to revive the economy while other countries are spending not more than 10%. The implementation of the package is within weeks to reach the end user. This is the fastest economic recovery plan in the world.
