July 8, 2020 / 9:20 AM / a month ago

German exports to fall by 15% in 2020: DIHK

FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian Bimmer/File Photo

BERLIN (Reuters) - German exports will drop by 15% this year and will only recover slightly in 2021, Germany’s DIHK chambers of commerce said on Wednesday.

Exports will rise by a single-digit percentage next year, by 7% if the situation improves significantly, DIHK foreign trade head Volker Treier said.

“We will only experience disappointments in the next few months,” Treier said.

Reporting by Christian Kraemer; Writing by Riham Alkousaa; Editing by Maria Sheahan

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