BERLIN - German exports remained far below their pre-crisis levels in July despite a 4.7% increase during the month, data published on Tuesday showed, adding to signs that Germany’s economic recovery from the coronavirus will be slow.
Imports rose by only 1.1% on the month, taking the seasonally adjusted trade surplus to 18 billion euros, the Federal Statistics Office said. Yet weak demand from major economic peers still grappling with the pandemic, such as the United States, is holding back a stronger recovery. “While today’s numbers are good news for our call of surging GDP growth .... and suggest that the export sector is flourishing again, we should not get carried away by these numbers,” said Carsten Brzeski, euro zone chief economist at ING.
the post-war II German is literally the most attractive country in Europe,honest,responsible,diligent,peaceful & powerful.wish German would recovery as fast as it can and inject more momentum to the economy of world.
Stuck in 2nd gear
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