Reuters logo
German trade body lowers 2016 exports growth forecast
December 9, 2016 / 11:37 AM / a year ago

German trade body lowers 2016 exports growth forecast

BERLIN (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.

Trucks carrying Hapag Lloyd containers pass a shipping terminal in the harbour of Hamburg, Germany July 18, 2016. REUTERS/Fabian Bimmer

“The forecast of 2 percent growth is no longer valid,” a spokesman for the BGA told Reuters.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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below