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German exports down more than 12% this year due to pandemic

Europe Materials 29 December 2020 13:52 (UTC +04:00)
German exports down more than 12% this year due to pandemic

Germany’s BGA trade association said on Tuesday it expects exports to shrink by at least 12% this year as demand from the United States and Britain collapsed due to the coronavirus pandemic, Trend reports with reference to Reuters.

“The COVID-19 pandemic has pushed us back five years when it comes to exports - and at the same time it has catapulted us five years into the future in terms of digitalisation,” BGA President Anton Boerner said.

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