"It's a catastrophe for the German economy"! Companies fear massive damage - most especially, the nearly 2500 German firms that manufacture in Britain. German exporters have to brace for major losses in revenues.
More economic indicators are pointing to a slowdown of the German economy. Fresh industrial output and exports data showed that Europe's powerhouse started the second quarter of 2018 on a weak footing.
The head of one of Germany's business groups warns that Britain and the EU could "sink into insignificance" if they stay divided. Businesses fear that Britain could crash out of the bloc in March 2019.
The world is a complicated place, but the immutable laws of international trade have often served to simplify it. That appears to be changing fast, and Germany is in the firing line as risks of a global trade war rise.
Germany's exports fell between January and December by the widest margin since June, in the latest set of patchy data on the eurozone's biggest economy, which also included a fall in industrial output and order books.
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