Munich - Adding to the gloom in the run-up to next week's Hanover industrial fair in Germany, engineering giant Siemens warned Thursday that no end to the slump in world business was visible yet.
Heinrich Hiesinger, who heads Siemens' industrial divisions, told VDI Nachrichten, an industry newspaper, "It's difficult to predict when the recovery of the markets will kick in.
"We have to recognize that some industrial markets will not return so quickly to the record level of 2008, even after recovery."