German exports set to expand 4% in 2013
2012-12-24 15:47:47
Germany's exports are likely to grow 4 percent in 2013, the German Chambers of Industry and Commerce, DIHK said Monday.
However, overall economic growth is slowing, with the rate below the 10-year average of 6 percent, DIHK economist Volker Treier told Frankfurter Allgemeine Zeitung.
According to a survey published by market research group GfK, export-oriented companies face the risk of lower demand as many economies in the Eurozone slipped into recession. Nonetheless, these losses could be offset through better businesses with Asia and the U.S.