Germany set to suffer from US slump

Germany will suffer from the downturn in the US and the weakness of the dollar as exports - contrary to what many politicians and entrepreneurs believe - are unlikely to rise, claims Norbert Walter, the chief economist of Deutsche Bank.

"I expect that soon a number of orders with German companies will be cancelled or that there will be agreed postponements of the delivery," said Walter.

However,Walter noted weaker economic prospects have some benefits, especially for consumers. Businesses, notable

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