Germany’s exports continue to slide

EPA-EFE//CARSTEN KOALL

Employees walk between Golf model cars during the quality check in the production line in Volkswagen's plant in Wolfsburg, Germany.

Germany’s exports continue to slide


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German exports and imports fell more than expected in February, according to data released on Monday by the Federal Statistical Office.

In the world’s fourth-largest economy one in five jobs depends on exports. Anger over Brexit and an economic slowdown in China are driving demand for German goods down by 1.3%. Imports fell by 1.6%. far more than a previous Reuters poll of economists which had forecast that the decline would amount to between 0.5% and 0.7%.

Germany is experiencing its 10th year of sustained growth but narrowly avoided negative growth in the last quarter of 2018.

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