Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Germany expects export problems in 2023


December, 29 2022
watermark Economic news

The hopes of German exporters for the next year are not rosy: they expect problems for key customers in China due to the increase in the incidence of COVID, as well as the caution of buyers in the United States amid high inflation. This was announced today by representatives of the Federation of German Wholesale, Foreign Trade and Services (BGA).


Since the United States and China are Germany's most important trading partners, any problems in these countries will inevitably hit the volume of exports. Analysts, however, do not expect a strong decline in indicators, but they also do not expect growth. 


«Success can be considered a zero in real terms,» said Dirk Yandura, president of the BGA.


Earlier in December, Beijing began to soften the zero tolerance policy for COVID, but the increase in cases of the disease continues. Analysts predict that the Chinese economy will recover sharply next year, but this is unlikely to happen in the coming weeks, due to an increase in morbidity.


Germany is also concerned about the situation in the United States. According to Yandura, in the US, where interest rates have been raised higher than in the eurozone, they are already having a negative impact, especially in the construction sector.


The official also noted that in recent months German exporters could not fully fulfill all orders due to a shortage of supplies. As a result, they have a good backlog of orders, and the expected easing of supply chain problems will allow them to catch up. Last year, exports from Germany increased by 14%, and imports to it – by 17%, as a result of which the country's trade surplus decreased for the fifth year in a row.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.