German business people warned on the 13th that due to continued low water levels, the freight capacity of the Rhine River has dropped drastically, which is expected to cause huge losses to the German economy this year. Nicole Rabold, spokesman for the German Rhineland-Palatinate Chamber of Commerce and Industry, said on the same day that the current situation is “very serious” and that economic losses are expected to be “huge” this year, but it remains to be seen whether the losses will exceed 2018. Low water levels in the Rhine caused economic losses of at least 2.4 billion euros in 2018.

German business people warned on the 13th that due to continued low water levels, the freight capacity of the Rhine River has dropped drastically, which is expected to cause huge losses to the German economy this year. Nicole Rabold, spokesman for the German Rhineland-Palatinate Chamber of Commerce and Industry, said on the same day that the current situation is “very serious” and that economic losses are expected to be “huge” this year, but it remains to be seen whether the losses will exceed 2018. Low water levels in the Rhine caused economic losses of at least 2.4 billion euros in 2018.