German exports will climb the highest 2016

Olympic Bernoulli (Bloomberg) - Germany's exports rose to a new record high in the next year to win the complications that occur In China and other markets, mostly due to a weaker euro. According to the president of Germany's BGA foreign trade federation yesterday.

Anton Boerner, president of BGA, said companies can expect growth of exports and imports the highest ever.

His federation has forecast that exports could rise by up to 6 percent to 1.191 trillion euros (1.3 trillion million) and imports increased by 4 percent to 947 billion euros by maintaining a strong trade surplus for the country which has Europe's largest economy.



Boerner said the 2015 best of our expectations despite the difficult global environment.

But he warned: this improvement is not perfect. He added that the success of Germany's exports rely heavily on a weaker euro against the dollar due to the competitive benefits to European products.

He also pointed to the risks in the front, including a decline of China's economy and interest rates the lowest ever, and other measures of the European Central Bank.

He said: 'due to the return of the dangerous effects of monetary policy the European Central Bank, the European debt crisis is not resolved and various global issues Overall, this means that the celebrations would not be interesting, and short-term confidence Clear, medium and long-term skepticism. KC

0 comments:

Post a Comment