German companies expect more investment and job creation in 2012 in spite of uncertainty in the eurozone, according to a survey of the corporate sector.
The relatively upbeat mood highlighted by DIHK, Germany’s chamber of commerce and industry, reflects a belief that Europe’s largest economy will escape recession in 2012, even though growth prospects have deteriorated and austerity in neighbouring countries cast doubt on demand for exports.
Almost one in three companies expects to increase investment in the next 12 months, while one in five plans to expand its workforce, the DIHK said. More companies said they expect to be expanding than reported an intention to cut investment and staff.
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