If Germany falls into recession, businesses could jump ship

If Germany falls into recession, businesses could jump ship

Take a look at the beta version of dw.com. We're not done yet! Your opinion can help us make it better. Data suggest that Germany may be on the brink of an economic downturn that could ultimately lead some businesses to move abroad. Germany is dealing with an energy crunch, which is hampering its industrial production. For the fifth month in a row, German factories received fewer orders for their products. In June, orders fell 0.4% compared with May. Though a minor decline at first glance, that adds up to a 5.6% decrease for the second quarter of 2022. Because of the bottlenecks in global supply chains, German industries still have a high order backlog, but not enough to protect them from the upcoming economic hardship, Commerzbank chief economist Jörg …
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