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German Recession Deepens, Industrial Jobs And Investments Under Severe Pressure
The German economy is sinking ever deeper into recession. In its latest business survey, the Institute of the German Economy (IW) now also sees mounting pressure on the labor market. Meanwhile, no reforms are expected from policymakers. The Cologne-based IW has published its semi-annual business survey among more than 2,500 companies—and the results could hardly be more sobering. The new analysis, presented over the weekend, paints a grim picture of the state of the German economy: the recession is deepening across all sectors. No part of the economy remains untouched. No turnaround in sight for investments Nature ... (full story)
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