German exports to fall by 15% in 2020: DIHK

Reuters

Published Jul 08, 2020 05:16AM ET

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.