In a special survey (in German) conducted by the DIHK, over 3,000 German businesses abroad indicate an increasingly negative outlook regarding their business activities. More than eight of ten companies expect or are experiencing a diminished turnover rate.
In a global context, businesses in Australia have responded rather more positively than some of their counterparts. Over 34% of participating companies expect no change, or even an increased turnover this year.
Our new podcast series, Sound Bites, delivers insights from the German-Australian business community. And what better way to start this series than to introduce our new Executive Director, Christoph von Spesshardt. Christoph joined us on the 1st of May, and while he can’t meet our members (and staff) in person just yet, he took the time to share a bit about himself with us.
The global economy and thus the business of German companies abroad are in a substantial crisis. Two thirds of the more than 4,000 companies surveyed by the AHKs worldwide expect the economy to deteriorate in the respective countries.
