According to the HDE retail association's forecast on Tuesday
PHOTO
German retailers are bracing for difficult business this year as inflation in Europe's largest economy looks set to remain high, according to the HDE retail association's forecast on Tuesday.
While sales revenue is set to grow 2% in nominal terms in 2023, when adjusted for inflation, it is set to fall by 3% - a significantly sharper drop than in 2022, according to the HDE. (Reporting by Rene Wagner, Writing by Miranda Murray, Editing by Rachel More)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
