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About dzbank.com
Mittelstand “on hold”: Investment slumps amid growing concerns about order intakes • Business climate improves slightly, but expectations decline sharply • Investment confidence at its lowest level since 2009 • Bureaucracy still the biggest problem for 80 per cent of companies • Balance sheet quality stable, equity ratio reaches record high Berlin/Frankfurt, 1 December 2025 – The current economic climate remains very challenging for the German Mittelstand. Based on ongoing negative factors, such as

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