15 September 2011 19:13 [Source: ICIS news]
However, the Bundesverband der Deutschen Industrie (BDI) said the pace of
“We do not expect any large positive impulses for the global economy and German export business in coming months, neither from Europe nor from the
Kerber cited political uncertainties, which are the main cause of the financial-market turbulence.
“We are not seeing a convincing solution on how to deal with the debt crises in Greece and other European countries or in the
As a result, financial markets remain tense, as evidenced by rising gold prices and the upward pressure on the Swiss franc, which is seen as a safe haven by many investors, BDI said in an update and outlook report.
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