Germany's Chambers of Industry and Commerce: 60% of firms are suffering from reduced demand

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8 May 2020

Germany's Chambers of Industry and Commerce: 60% of firms are suffering from reduced demand

43% of firms are facing cancelled orders
~50% of all German firms had to partly/completely stop business during lockdown
~25% of these firms restarted business when lockdown was eased at end-April
80% of firms see decline in revenue this year
~33% of restaurants, ~50% of travel firms fear insolvency

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