Arab Today, arab today germany set for record exports in 2016
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Germany set for record exports in 2016

Arab Today, arab today

Arab Today, arab today Germany set for record exports in 2016

Container ships moor in the harbour in the northern German city
Berlin - AFP

German exports will rise to new record levels next year, overcoming difficulties in China and other markets mostly thanks to the weak euro, the head of the BGA foreign trade federation predicted Monday.

German companies can expect "new all-time records for both exports and imports," said Anton Boerner.

His federation predicted an up to six percent rise in exports to 1.191 trillion euros ($1.3 trillion), and a four percent boost to imports to 947 billion euros, maintaining a solid trade surplus for Europe's largest economy.

The year 2015 "exceeded our expectations despite a difficult global environment," Boerner said.

"But all that glitters is not gold", he warned, saying that the German export success owed much to the euro's weakness against the dollar, giving a competitive advantage to European products.

He also pointed at risks ahead, including China's economic slowdown and the record-low interest rates and other measures of the European Central Bank.

"Given the dangerous side effects of the monetary policy of the ECB, the unresolved euro debt crisis and many global trouble spots, this in sum means there won't be a celebratory mood and short-term confidence will give way to scepticism in the medium and long term," he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germany set for record exports in 2016 Arab Today, arab today germany set for record exports in 2016

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germany set for record exports in 2016 Arab Today, arab today germany set for record exports in 2016

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday