BERLIN (Reuters) - Germany’s BGA trade association said on Friday it would lower its 2016 growth forecast for exports to a “mini plus” from a previously projected 2 percent, hours after trade data showed exports rose less than expected in October.
“The forecast of 2 percent growth is no longer valid,” a spokesman for the BGA told Reuters. “We will now go for a mini plus for this year.”
The spokesman did not give more details.
Reporting by Klaus Lauer and Rene Wagner; Writing by Joseph Nasr; Editing by Paul Carrel