Britain's
departure from the European Union will significantly hurt German firms'
business with the United Kingdom and investment will decline strongly in the
long
term, the president of Germany's DIHK Chambers of Commerce said on
Tuesday.
Four
in ten companies expect business to weaken, DIHK President Eric Schweitzer said
a day before Britain triggers divorce proceedings with the European Union.
"We
should expect further declines in trade in the coming months," he added.
He
said almost one in ten companies was already planning to withdraw investment
from Britain even though the terms of Britain's departure are not yet known.
REUTERS
REUTERS
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