Fears of a slowdown in global demand have eased after stronger US jobs data
Exports and imports from Germany both fell more than expected in February, according to trade data published today, adding to signs of economic weakness in Europe’s largest economy. Exports decreased by 1.3% in February, Germany’s Federal Statistical Office reported, lower than the 0.5% fall predicted by economists. Imports fell by 1.6%, after rising by 1.4% the month before. Carsten Brzeski, chief economist at ING Germany, said it is clear that the German economy is “still struggling”.
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