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German exports to fall by 15% in 2020

Europe Materials 8 July 2020 13:50 (UTC +04:00)

German exports will drop by 15% this year and will only recover slightly in 2021, Germany’s DIHK chambers of commerce said on Wednesday, Trend reports with reference to Reuters.

Exports will rise by a single-digit percentage next year, by 7% if the situation improves significantly, DIHK foreign trade head Volker Treier said.

“We will only experience disappointments in the next few months,” Treier said.

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