Germany’s January exports post largest decrease in five months
The data also showed that Germany’s imports declined 0.3%, missing initial estimates which called for a 0.5% increase. The country’s trade surplus reportedly declined to €19.7 billion in January compared with €21.6 billion in the previous month.
Economists commented that the country’s exports are likely to increase on the back of the weakening euro and lower crude oil prices.
In 2014, Germany’s gross domestic product grew 1.6%. The government expects the country’s economy to expand by 1.5% in 2015.
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