The current wave of illness could cause economic costs of 36 billion euros: a financial shock for Germany.

The current wave of illness could cause economic costs of 36 billion euros: a financial shock for Germany.

According to a report by amp.zdf.de, the Kiel Institute for the World Economy (IfW) has calculated that the current wave of respiratory and influenza diseases could cause economic costs of up to 36 billion euros. Loss of work due to illness alone could result in a loss in gross value added of 32 to 36 billion euros for the German economy. The costs depend largely on the duration and severity of the flu epidemic. In recent weeks, the respiratory illnesses have caused massive disruptions in various sectors of the economy, from canceled connections to canceled classes. Previous flu waves also caused significant losses for the national economy.

Based on my own analysis, the huge costs and lost productivity could have a significant impact on the market and the financial industry. The burden on the economy caused by sickness absence could lead to a decline in investment and an increase in unemployment. In addition, the healthcare industry could be impacted by increased demand for medications, doctor visits and hospital stays.

The prevailing situation requires increased monitoring of developments to assess potential financial risks and take appropriate countermeasures. Companies should be flexible and adaptable to respond to the economic impact. In addition, increased public health care could help minimize costs and losses to the national economy.