41587
Germans Delay UK Investment
World Economy

Germans Delay UK Investment

German companies are scaling back their investment in Britain ahead of its June 23 referendum on membership of the European Union, and German industry is becoming increasingly vocal in warning that a Brexit would hit both countries’ economies, Reuters reported. German foreign direct investment to Britain fell by 6% on the quarter to €4.4 billion ($5 billion) in the first three months of this year, Bundesbank data revealed. That followed an already steep annual decline of more than 40% in 2015. “A British exit means uncertainty for German companies doing business in Britain,” Markus Kerber, managing director of the BDI Federation of German Industries said.

Short URL : http://goo.gl/jDBE3X
  1. http://goo.gl/z9bYTv
  • http://goo.gl/SkqPWI
  • http://goo.gl/fuFrrT
  • http://goo.gl/no6cb6
  • http://goo.gl/XUYfZa

You can also read ...

Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...

Trending

Googleplus