German Recession Looming Over Nation's Industrial Backbone
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More than half of Germany’s small and medium-sized enterprises think Europe’s biggest economy could contract next year, hobbled by slowing global growth, trade disputes and a stuttering auto sector.
Almost 53 percent of so-called “Mittelstand” companies surveyed by the BVMW industry association fear that a recession could strike in the next 12 months, the group said Friday. A disorderly U.K. exit from the European Union is also a threat.