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Sunday, May 11, 2014

Germany's exports fell 1.8% on month in March

After dropping 1.3% in February and missed forecasts, with the crisis in Ukraine and China's slowdown weighing on the figure. Imports declined 0.9% and the trade surplus slipped to €14.8B from €15.8B. As per ING economist Carsten Brzeski, " With ongoing geopolitical problems and the slowing emerging economies, it looks as if Germany's famous export engine could still be sputtering for a while."

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