[HIGHLIGHTS] Growing concern: Strong wage agreements are becoming a problem for companies

German Chamber of Industry and Commerce says 53 percent of companies cite labor costs as an important business risk. In the service sector, the risk of labour costs is perceived above average.

33 percent of the more than 21,000 companies surveyed report severe restrictions on accessing debt capital. The DIHK expects the economy to stagnate this year with high inflation and a lack of thrust, says Ilja Nothnagel, member of the DIHK Executive Board. The leading German economic research institutes expect an increase of 0.0 percent for 2023.