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German industrial associations pessimistic about 2023


A survey by the German Economic Institute found that nearly three out of five German industrial associations are pessimistic about next year and expect their companies to produce less as high energy prices show no signs of abating, U.S. News reports citing Reuters. Nearly 40 associations said the current situation for their companies is worse than a year ago, when many assumed that the worst of the COVID-19 pandemic had been overcome.


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