- Hard Brexit won't hit us, 60% of Germany's small and medium-sized firms say
Market news
11 October 2019
Hard Brexit won't hit us, 60% of Germany's small and medium-sized firms say
Around 60% of Germany's Mittelstand, the small and medium-sized companies that form the backbone of Europe's biggest economy, see no impact on their business from a hard Brexit, a survey by Germany's KfW state development bank showed on Friday.
The survey of around 2,000 firms with annual revenues of up to 500 million euros ($550.60 million) found that about a quarter of Germany's Mittelstand expected a hard Brexit to disadvantage them.
The survey was conducted from 11 to 23 September.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page