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A
third of the 3,600 companies surveyed were planning to invest
more in their international locations over the next 12 months,
while a fifth intend to invest less, the survey showed.
However, according to another study recently published by the
DIHK, companies in Germany are more likely to reduce their
investments in the country (36%) than to increase them (24%).
"This discrepancy between domestic and foreign investment shows
once again that companies in Germany urgently need reliable and
attractive framework conditions," said DIHK head of foreign
trade Volker Treier.
According to the survey, 22% of companies currently expect
economic developments to improve at their respective locations,
while 28% anticipate a slowdown.
"Companies in other locations are also struggling with a
difficult economic situation, but with fewer structural
challenges than in Germany," Treier said at a presentation of
the survey.
Higher interest rates, weak demand in China and geopolitical
risks are having a negative impact on the business of globally
active German companies, Treier noted.
German companies are planning higher investment particularly in
North America, North Africa, the Middle East and the
Asia-Pacific region, excluding China and Taiwan.
The survey shows a particular interest in India, as the country
is benefiting from companies' intentions to diversify. "Our
member companies are very optimistic and have major investment
plans for the coming years," said Stefan Halusa, managing
director of AHK India.
In Europe and China, on the other hand, companies were more
cautious, the survey showed.
The DIHK forecasts global economic growth of 2.5% in 2024, below
the average of the last 20 years of 3.6%.
(Reporting by Maria Martinez, Editing by Rachel More and Louise
Heavens)
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