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在线翻译:
szdaily -> World Economy -> 
Export malaise hits Germany, GDP to fall
    2019-08-12  08:53    Shenzhen Daily

MOMENTUM in German exports slowed in the first half of 2019 and abruptly reversed in June, data showed Friday, adding to signs of broad-based weakness in an economy increasingly relying on domestic demand to eke out even meager growth.

A global growth slowdown accompanied by tariff disputes and uncertainty over Brexit has impacted growth across western Europe, but Germany’s traditionally export-reliant economy — the continent’s largest — has been particularly vulnerable.

Those headwinds have been offset by stimulus at home, where record-high employment, inflation-busting wage hikes and low borrowing costs have driven a consumer and construction boom.

However, that may not prevent German GDP — for which preliminary data is due Wednesday — from joining the continent’s second largest economy Britain in having contracted in the second quarter of the year.

In June, exports fell 0.1 percent from May while year on year they plunged 8 percent to mark their steepest rate of annual decline in nearly three years, Federal Statistics Office data showed Friday — and the DIHK business association said it expected exports to nearly stagnate in 2019 as a whole.

(SD-Agencies)

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