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German Exports Could Defy Crises, Hit New Record

Posted March 11, 2015

Under Economic Issues, International Trade Issues

(Deutsche Welle)

German exports will continue to defy hard economic times in some key markets and could reach record levels in 2015, one of Germany’s leading trade organizations said Tuesday.

Buoyed by steady growth in the US, China and some eurozone countries, the level of goods sold abroad by Europe’s largest economy is expected to increase by 4.5% to 1.19 billion euros ($1.27 billion) this year, the Federation of German Wholesale, Foreign Trade and Services (BGA) said.

As the American economy recovers faster than expected from years of stagnation and China maintains steady - albeit it less robust - upward momentum, German manufacturers will be able to offset losses suffered in ailing markets in Russia, Ukraine and oil-rich countries. Click here to read more.