September 8, 2017 / 3:05 AM / 18 days ago

German trade group sees 5 percent rise in exports in 2017 - newspaper

FILE PHOTO: Container ships are seen at a loading terminal at the Hamburg harbour in Hamburg, Germany February 15, 2017. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - Germany’s BGA trade association now expects German exports to rise 5 percent in 2017, double its earlier forecast, Die Welt newspaper reported on Friday.

That would mark a huge jump from 2016, when German exports rose 1.1 percent.

BGA said the projected increase was due mainly to increased trade with other European countries in the wake of economic recoveries in southern Europe.

“In southern Europe and France optimism has returned and that means more investments, and Germany is benefiting from that,” BGA President Anton Boerner told the newspaper.

Reporting by Andrea Shalal

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