{"id":11388,"date":"2023-04-15T00:08:55","date_gmt":"2023-04-15T00:08:55","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/german-industry-association-raises\/"},"modified":"2023-04-15T00:13:52","modified_gmt":"2023-04-15T00:13:52","slug":"german-industry-association-raises","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/german-industry-association-raises\/","title":{"rendered":"German industry association raises 2023 export growth forecast to 2% – report"},"content":{"rendered":"

BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January, its president told the Rheinische Post newspaper in comments published on Saturday.<\/p>\n

“Things are looking up, but only slowly – we must not be satisfied with that,” BDI President Siegfried Russwurm told the newspaper.<\/p>\n

Even with the improved outlook, Germany still lags behind the forecast for global trade of 2.5% export growth, according to BDI figures cited in the report.<\/p>\n

Export growth has slowed considerably since Germany’s post-pandemic recovery. Exports grew by 2.9% in 2022 and 9.1% in 2021.<\/p>\n

The BDI president said Germany was falling behind other countries where energy prices are not as high.<\/p>\n

“The reality is that energy-intensive companies in particular are increasingly relocating parts of their production abroad,” Russwurm said.<\/p>\n

\n

(Writing by Friederike Heine, Editing by Rachel More)<\/p>\n

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BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January, its president told the Rheinische Post newspaper in comments published on Saturday. “Things are looking up, but only slowly – we must not be satisfied with that,” BDI President Siegfried Russwurm told the newspaper. Even […]<\/p>\n","protected":false},"author":8,"featured_media":11389,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-11388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3E002-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/11388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=11388"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/11388\/revisions"}],"predecessor-version":[{"id":11390,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/11388\/revisions\/11390"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/11389"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=11388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=11388"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=11388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}