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English to Italian translations [PRO] Bus/Financial - Investment / Securities / situazione esportazioni tedesche
English term or phrase:will get a black eye
The riskiest risk
Everybody is now discussing the impact of a US recession on Germany. This implies that such a scenario is really the biggest risk. We do not concur. Admittedly, even in a less UScentric global economy, German companies will get a black eye. But in contrast to previous experience, they are now better able to weather at least a mild US recession. Only if a hard and nasty landing in the US takes place are we in deep trouble. So what is the biggest risk? We suggest keeping a very close eye on the German consumer. He seems to be stuck in pessimism. Sustained weak consumer expenditures might pose more risks than a US recession.