Germany Inc zones in on risks threatening economy's fortitude

Frankfurt

GERMANY's economy is running at full speed, yet some of its biggest companies are far from getting carried away about the future.

Thyssenkrupp AG last week became the latest of the country's top firms to intertwine words of caution in what's shaping up to be a strong earnings season, joining peers like Siemens AG in warning against global risks. Their messages seem to stand at odds with signs that the economy is barrelling ahead after expanding in 2016 at the fastest pace in five years.

Industry leaders aren't alone in their qualms about the outlook. The European Central Bank has grown increasingly nervous about the impact of US President Donald Trump's policies on the world economy: executive board member Peter Praet cited "…