The Federation of German Industries has warned of the economic impact of a no-deal Brexit, warning that ‘any lack of clarity would jeopardise tens of thousands of businesses and hundreds of thousands of jobs in Germany, and more particularly in the UK’, reports DailyFX. BDI Chief Executive Joachim Lang said that in the case of a no-deal Brexit, bilateral trade with Germany worth €175 billion would be at risk. Meanwhile, BDI president Dieter Kempf said that if there are major disruptions to trade between the UK and the EU, the German economy will grow by just 1% in 2019, compared to expectations of 1.5% in the event of an “orderly” Brexit. Official data from the Federal Statistics Office (Destatis) released earlier this month showed the German economy expanding by 1.5% in 2018, its lowest level in five years. For more on Brexit and planning on possible scenarios, refer to SIA’s report ‘Planning for Brexit’.