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German Companies Drastically Reduce Investment
[ifo Institute] The coronavirus crisis is having drastic consequences for investment by companies in Germany. Fifty percent of companies that participated in the ifo Business Survey in May reported postponing investment; in April that figure was 46 percent. In May, 28 percent of participating companies had even cancelled investment projects completely, compared with 22 percent in April. "These are worrying figures for the long-term development of the economy," says Klaus Wohlrabe, Head of Surveys at ifo.No wonder Angi Merkel won't run again. Let the next sap Kanzler(in) deal with it. Posted by: Clem 2020-06-07 |
| http://www.rantburg.com/poparticle.php?ID=573735 |