German food industry shrugging off recession blues; May post increase in output in 2009
Jun 19th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Deutsche Bank Research says German industry is currently in the grip of the most severe economic crisis since World War II. It says while certain sectors of industry will suffer real declines in output of more than 20% during the current year, there is one sector that has been largely unaffected by the global recession: the food industry is the pillar of strength that has hitherto been impervious to all negative influences.