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News from 2022-06-07 / KfW Research
KfW-ifo SME Barometer May 2022
The slight improvement in sentiment among SMEs continued in May for the second consecutive month. Nevertheless, confidence remains well below the level recorded before Russia invaded Ukraine. Moreover, this time only the situation assessments improved, while business expectations became even more pessimistic. Enterprises are staring down an economic abyss. How deep they will fall, however, is a different matter.