Despite the current clear upward trend, there are major uncertainties regarding, among other things, the further development of the war in Ukraine and inflation. Our forecasts are based on the assumption that the effects of the Covid-19 pandemic on economic life will continue to decrease and that there will be no further exacerbation of issues in the geopolitical situation. Furthermore, it cannot be estimated whether, to what extent and with what impact, industrial action could take place in the 2023 financial year.

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