Siemens Sees Growth Easing as Recovery ‘Tailwind’ Ends

Siemens AG predicted growth will be tougher to achieve in the second half as the stimulus from an economic rebound is petering out, sending the shares of Europe’s largest engineering company on their biggest drop in 15 weeks.

“The tailwind from the economic recovery is likely over,” Chief Financial Officer Joe Kaeser told analysts in Shanghai today, in comments broadcast on the Internet. “Now, increased efforts are required for continued growth.”