DW – German industry leaders are looking to 2013 with little confidence, a fresh poll by a German economic institute bears out. Fearing the bite of the debt crisis, many companies intend to invest less and employ fewer. More than every fourth German company plans to cut jobs next year, the Cologne Institute for Economic Research (IW) said in its autumn survey on Monday. Its poll among 2,300 domestic firms added that only 20 percent of the respondents intended to create new jobs in 2013. “In the face of sagging exports and the resulting drop in industrial output companies across the country are becoming more cautious,” said the institute. Read Article
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