Business "No positive news": Industry expects 0.5 percent economic growth

"No positive news": Industry expects 0.5 percent economic growth

-

The Federal Association of German Industry (BDI) expects GDP growth in Germany to grow by 0.5 percent in 2020. A large part of this – around 80 percent – results from the comparatively high number of working days in 2020.

"The GDP increase of 0.5 percent is not a positive news," said BDI President Dieter Kempf in Berlin, "but a warning". The situation is particularly difficult for industry. "We are in a recession," said Kempf. The companies have been struggling with job cuts and falling production for more than a year.

Kempf called on the federal government to invest ten years. "The investment location Germany is in a tight spot because of the lack of funds – and because of excessive bureaucracy," said Kempf.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Mysterious particles that shed from Antarctica defy physics

Our best model of particle physics explodes at the seams while struggling to contain all the oddities of the...

Short advertising breaks cause panic on Dancing On Ice

A short publicity break caused panic on Dancing On Ice. Hosts Holly Willoughby...

Officials who communicate with those in contact with the first Canadian coronavirus patient

Dr. David Williams, center, Medical Director of Health, is accompanied by Andy Smith, President and CEO of Sunnybrook Health...

Must read

You might also likeRELATED
Recommended to you