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News from 2021-12-27 / KfW Research
KfW-ifo SME Barometer December 2021
Omicron is clouding business sentiment and economic outlook for 2022
Omicron is drawing new worry lines on the faces of managers in small and medium-sized enterprises. SME business sentiment worsened noticeably in December, continuing the downward trend that began in July and paused only in October. For the first time since April, sentiment has thus dropped again below the historic average. The expectation component alone is actually deep in pessimistic territory now. Dark clouds are gathering on the economic horizon this winter and dimming the outlook for 2022.
