German Companies Slightly Less Glum Than in 2022, Survey Shows
- Europe’s biggest economy seen stagnating rather than shrinking
- Energy prices, skilled-labor shortage seen as greatest threats
Lights on at an office building in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German companies are expecting stagnation this year rather than a further deterioration, making them slightly less pessimistic than they were in the fall, according to the latest survey by the DIHK industry lobby.
“The good news is that the German economy has been able to avert an impending crash,” DIHK Managing Director Martin Wansleben said Thursday at a news conference in Berlin. “Instead of a deep recession, we can expect more of a sideways movement.”