adminthe increase and businesses are expansive in their hiring and investment plans,” the DIHK federation said in a statement.
Based on its latest survey of more than 25 000 companies, the DIHK upgraded its forecast for economic growth this year to 1,3 percent from 1,0 percent previously.
By contrast, the government and the European Commission are pencilling in gross domestic product growth of 0,7 percent for 2012, while the International Monetary Fund is predicting growth of 0,6 percent.
“Companies’ assessment of their situation is extraordinarily favourable overall,” said DIHK chief Martin Wansleben.
They were basing their confidence on their competitive strength, the robust domestic economy and strong exports to countries with growing economies, predominantly outside Europe, Wansleben said.
Nevertheless, commerce with European trading partners “is now recovering again”, he added.
The findings of DIHK’s survey contrast sharply with the regular monthly Ifo business climate index, which dropped for the first time in seven months in May, as companies become increasingly spooked by the long-running eurozone debt crisis. — AFP.
Online Reporter
- Herald
- July 29, 2026
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