Around 40 Percent of German Companies Expect Output Decline in 2023: IW Institute

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Around 40 Percent of German Companies Expect Output Decline in 2023: IW Institute

BERLIN—Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues, and the continuing war in Ukraine.
“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 in the survey seen by Reuters.
“Moreover, it will only become clear in the course of 2023 how extensive gas and energy supply can be built up for the next winter and the extent of any possible disruptions that could occur in 2023.”...

Source: Around 40 Percent of German Companies Expect Output Decline in 2023: IW Institute


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