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Reuters reports comments from the German BDI Industry Association Head Kempf, as he speaks about the risks to the German economy.

Main Points:

Global economic recovery has reached its peak, investment activity stagnating.

US trade policy, Brexit uncertainty dampening investments worldwide, hitting German exporters.

Germany must now prepare for the next downturn, gov’t should shift into higher gear.

Hate against foreigners is jeopardizing jobs and prosperity.