Germany’s goods exports shrank by 11.8 percent in March from February under pressure from the corona crisis. The German Federal Statistical Office announced this.
According to the statistics bureau, it is the largest monthly decline in exports since the start of the measurements in 1990. Economists had generally expected a decrease of 5 percent. In February, exports of Europe’s largest economy rose by a revised 1.2 percent.
German imports decreased by 5.1 percent in March. That is the largest decrease since 2009.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email email@example.com