Frankfurt am Main – September 09, 2026 -- Thirty percent of German small and mid-sized companies (Mittelstand) with foreign business expect their cross-border revenues to decline over the next three years, according to a new KfW Research study, with 6 percent forecasting a sharp drop. Roughly 24 percent anticipate growth, while 47 percent expect no change.
The findings stem from a January 2026 survey conducted before the outbreak of the Iran conflict, meaning sentiment may have since deteriorated further.