Germany's stockmarket fell more steeply than Sweden's in March, but it has rebounded at a faster pace, too
30 index of Germany’s biggest firms that have already reported swung from a healthy profit in the second quarter of 2019 to a loss almost as big this year. For many companies, including Volkswagen, a giant carmaker, and, the world’s biggest chemicals concern, results were even worse than analysts had expected. The income of the 27 Swedish firms in Stockholm’s.
Many Swedish bosses put this down to their government’s controversial decision, which they vocally backed, to avoid the total lockdowns imposed across much of Europe. This allowed consumers to go about their lives and workers to send their children to schools, which remained open.s of big German companies generally praised their government’s tougher policies. Privately, though, some shared the fears expressed openly by the, the association of Mittelstand firms that represents 3.
Such calls may intensify if recent spikes in covid-19 cases turn into a new wave of infections. “A second lockdown would have cruel consequences,” says Hans-Jürgen Völz of the. Investors seem ambivalent about which country’s strategy is preferable for the long-term health of the economy. After falling more steeply than thehas rebounded at a faster pace, too.
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