40% of German companies fear economy will shrink in 2023: survey

The picture is barely brighter in the German industry, where 39 percent of surveyed companies forecast a decline, driven by a cautious assessment in the consumer and basic industries.

"The risk of a gas shortage in the 2022/23 winter season is no longer as present as it was in the summer of 2022, and energy prices have also retreated since then. However, they remain at a high level and production disruptions cannot be ruled out," the IW said on Monday in the survey seen by the Reuters news agency.

The survey of around 2,500 companies showed that about a third of companies expect output to stagnate, and the remaining quarter predicts business will grow.

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EVs Take 55% Of The German Auto Market In December!The tide has turned in the electrification of the German auto market, with plugin electric vehicles taking the majority of sales for the first time in December. 33% - but still very impressive! :D Just hope demand doesn't go down too much in 2023 since the Government Bonus is reduced from 6000 to 4500 € (average EV price in Germany = 50000 €) Wow! This is a huge milestone! Germany. Electric. Boom! The future is electric. The future is now. 35% to 55% in 12 months with BEV share increasing more is very good news
Source: cleantechnica - 🏆 565. / 51 Read more »