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German trade body lowers 2016 exports growth forecast
December 9, 2016 / 11:32 AM / a year ago

German trade body lowers 2016 exports growth forecast

BERLIN, Dec 9 (Reuters) - Germany’s BGA trade association said on Friday it would lower its 2016 growth forecast for exports to a “mini plus” from a previously projected 2 percent, hours after trade data showed exports rose less than expected in October.

“The forecast of 2 percent growth is no longer valid,” a spokesman for the BGA told Reuters. “We will now go for a mini plus for this year.”

The spokesman did not give more details.

Reporting by Klaus Lauer and Rene Wagner; Writing by Joseph Nasr; Editing by Paul Carrel

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