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dpa-AFX overview: ECONOMY from 03/15/2021 – 5:00 p.m.

BERLIN – Germany is suspending vaccinations with the Astrazeneca vaccine for the time being. This was preceded by reports of blood clots in connection with a corona vaccination with the preparation, the Federal Ministry of Health announced on Monday in Berlin. It was a precautionary step, which was preceded by a recommendation from the responsible Paul Ehrlich Institute (PEI), said a spokesman.

ROUNDUP / Brexit dispute: EU accuses Great Britain of breach of contract

BRUSSELS / LONDON – In the Brexit dispute, the European Union accuses Great Britain of breach of contract and starts legal action. The EU Commission announced this on Monday. The aim is to get Great Britain to implement the special rules for Northern Ireland in the EU Withdrawal Treaty. But the process could put a strain on the EU’s already strained relations with Great Britain.

ROUNDUP: Corona crisis causes consumption to collapse in Germany – high savings rate

WIESBADEN – During the Corona crisis, private consumption in Germany fell more sharply than it has been for 50 years. Last year, households spent 4.6 percent less money on goods and services than a year earlier, as the Federal Statistical Office reported on Monday. That was the sharpest decline since 1970 and differs fundamentally from consumer behavior during the financial and economic crisis of 2008/2009. At that time, private consumption had supported the German economy and contributed to the rapid recovery.

USA: Sentiment in New York industry is surprisingly brightening up

NEW YORK – The mood in New York industrial companies surprisingly brightened significantly in March. The Empire State Index rose compared to the previous month by 5.3 points to 17.4 points, as the regional central bank of New York announced on Monday. Analysts had only expected the indicator to rise to 15.0 points on average.

ROUNDUP 2: Incidence increases significantly for the fifth time in a row – R-value high too

BERLIN – The number of new infections per 100,000 inhabitants reported within seven days has increased significantly for the fifth time in a row. On Monday, the seven-day incidence was 82.9, which is much higher than the previous day (79.1), according to the figures from the Robert Koch Institute (RKI). The last time there was such a value was on February 3rd. After that, the incidence fell for some time, reaching a low of 56.8 on February 19.

ROUNDUP 2: Infection numbers are increasing – intensive care doctors are calling for a return to lockdown

BERLIN – Germany’s intensive care doctors are calling for an immediate return to lockdown in view of the rising corona numbers. This could prevent a strong third wave, said Christian Karagiannidis from the German Interdisciplinary Association for Intensive Care and Emergency Medicine on Monday. He called on the rbb that the federal states should above all enforce the emergency brake if there are more than 100 new infections per 100,000 inhabitants within seven days. This would mean, for example, closing the retail trade and hairdressers again. But there are deviations from this agreement.

ROUNDUP: China’s economy continues recovery from corona shock

BEIJING – The Chinese economy continues to recover from the corona crisis. In the months of January and February, industrial production rose by 35.1 percent year-on-year, as the Chinese government announced in Beijing on Monday. A similar development was evident in retail sales, which rose 33.8 percent in the first two months of the year. Experts had expected significant increases in both key figures, but were surprised by the strength of the increase.

Customer note:

ROUNDUP: You are reading a summary in the economic overview. There are several reports on this topic on the dpa-AFX news service.

/ jsl

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