Germany’s Companies Downsize Investment Plans for 2024, Manufacturing Sector Hit the Hardest: ifo Institute Report

Germany’s Companies Downsize Investment Plans for 2024, Manufacturing Sector Hit the Hardest: ifo Institute Report

Companies in Germany have revised down their investment plans for this year. Notice die ifo investment prospects fell to -0.1 points in March, after +1.2 points in November. “Global demand for capital goods and intermediate goods remains weak and economic policy remains uncertain. So many companies are postponing their investment decisions,” said Lara Zarges, an … Read more

The Use of Artificial Intelligence in German Companies: Current Adoption and Future Plans

The Use of Artificial Intelligence in German Companies: Current Adoption and Future Plans

TO The likelihood of using artificial intelligence increases with the size of the company. (Photo: dpa) Berlin According to a media report, not even one in five German companies is currently using programs with artificial intelligence (AI). 18 percent of employers used AI in at least one area of ​​the company, 35 percent planned to … Read more

Record-low orders in German residential construction: Economist predicts storm ahead

Record-low orders in German residential construction: Economist predicts storm ahead

“A storm is coming,” predicts economist Wohlrabe. Contracts for the construction of apartments in Germany are canceled and no new ones are added. 40.3% of businesses complain about their lack, compared to 10.8% a year ago. Over 10% of companies are already experiencing financial difficulties, current trends emerged from the latest survey of the Ifo … Read more

ifo Institute. Companies are more relaxed about the year

Drugstore chain Rossmann 8.3 percent of retail companies report a situation that threatens their existence. (Photo: dpa) Berlin In view of a severe recession that has become less likely, fewer German companies fear for their economic existence. Only 4.8 percent saw their continued existence threatened in January, as the Munich Ifo Institute announced on Wednesday … Read more

Banks more reluctant to lend to companies

Bankenskyline von Frankfurt 29.9 percent of those companies that are currently negotiating a loan reported reluctance on the part of the banks in December. (Photo: dpa) Berlin In view of rising interest rates and the feared recession, companies in Germany are finding it more difficult to obtain new bank loans. 29.9 percent of those companies … Read more

Germany risks losing in world trade

It is not the first time that globalization has backtracked. Economic historian Harold James has identified seven globalization crises since 1850, some of them severe. While each of these has led to a new phase of globalization, he is by no means certain that past winners of globalization will also be future winners. As a … Read more

German companies find it more difficult to obtain loans

pte20221024022 Company / economy, trade / services 24.3 percent of companies report to the Ifo Institute that banks are reluctant to lend Money: Many small businesses report reluctant banks (Photo: pixabay.com, moerschy) Munich (pte022 / 24.10.2022 / 11: 30) – Due to the overlapping crises, German companies are finding it increasingly difficult to obtain new … Read more

Corporate earnings forecasts are changing at record speed

Adidas-Chef Kasper Rorsted, Mercedes-Benz, Fresenius, BASF, RWE Many German companies are currently correcting their forecasts – both upwards and downwards. – (Photo: Fresenius, BASF, dpa) – – – – Düsseldorf On Tuesday, the division of the German economy became apparent within a few minutes. First, wind turbine maker Siemens Gamesa scaled back its revenue and … Read more

Gas supply stop from Russia would result in a massive economic downturn

What a complete stop to gas supplies from Russia would mean for the German economy is controversial. Some economists assume losses of at most 2.2 percent of gross domestic product, the joint diagnosis of the leading economic research institutes estimated the consequences for the years 2022 and 2023 together at around 6.5 percent. An investigation … Read more

More companies than ever before want to raise prices

– pedestrians in a city center Price pressure is also increasing noticeably in the sectors of the economy that are upstream of private consumption. – (Photo: dpa) – – – – Berlin In Germany, in view of higher costs, more companies than ever before want to raise their prices in the next three months. The … Read more