Germany poised for worst downturn in two decades

Germany poised for worst downturn in two decades – survey ...News

Russia Today - Economy

Local businesses expect the EU’s largest economy to shrink by 0.5% this year, according to a DIHK chambers of industry and commerce poll German businesses expect the country’s economy to contract by 0.5% this year, which would mark the second straight year of decline and the worst downturn in twenty years, a poll of over 27,000 companies carried out by the DIHK chambers of industry and commerce revealed. Of those surveyed, 35% expect business to deteriorate over the next 12 months, while only 14% expect an improvement. Meanwhile, 29% of respondents rated the current state of the business climate as “good,” while 2

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Last updated : 19 February 2024 clock 08:56 AM

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Germany poised for worst downturn in two decades – survey ...News

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