AHK Business Outlook, Fall 2023


Results of a survey of German chambers of commerce abroad, delegations and representative offices

Development of the global economy
Economic expectations of German companies abroad

With regard to the development of the global economy, German companies and companies with close ties to Germany are divided at their international locations. According to their assessments, there is still no sign of a strong global upturn - although developments vary from region to region. The momentum in the global economy has slowed over the course of the year. Although international supply chains have stabilised and energy and commodity prices as well as inflation rates are declining - albeit from a high level. By historical standards, inflation rates and some commodity and energy prices are still high in some regions. In addition, the rise in interest rates, particularly in the Eurozone and the US, China's weakness on the demand side and geopolitical risks are weighing on the business of globally active companies. In fall 2023, German companies are less optimistic about economic development at their international locations than they were in spring - according to the more than 3,600 companies surveyed by the AHKs.


Publications on the topic

AHK World Business Outlook Herbst 2023