On March 8, 2022, the Süddeutsche Zeitung reports online about the current situation for medium-sized companies – supply bottlenecks and rising energy costs are showing their effects on medium-sized companies and also on consumers.
Arno Fuchs reports to the Süddeutsche Zeitung that there is less concern in SMEs about the direct effects of the Russian sanctions, but more concern about the indirect effects. In particular, increasing energy prices for gas, coal and oil would make production costs even more expensive. Arno Fuchs also sees rising interest rates as a challenge for companies. It would make sense to bring forward upcoming credit negotiations and to hedge interest rates now for the long term.
In addition to Arno Fuchs, Stefan Sauer, expert from the Ifo Institute in Munich, also gives his views in the article. Among other things, he provides interesting details on the change in purchasing power for private households.
Read the entire article here.