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German companies see risks from economic policy, energy prices -DIHK

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German companies see risks from economic policy, energy prices -DIHK

© Reuters. FILE PHOTO: Electrical power pylons with high-voltage power lines are seen next to wind turbines near Weselitz, Germany November 18, 2022. REUTERS/Lisi Niesner/File Photo

The German economy has been struggling since the end of 2022. In addition to poor economic conditions there are structural and permanent challenges such as demographic changes, climate change and high energy prices. The DIHK forecasts a 0.5% contraction in gross domestic product in 2023, and Wansleben said he expected the economy to stagnate.

Only 24% of industrial companies want to expand their investments in Germany, while 36% are planning to reduce them.

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