German DIHK sees strong exports helping growth, protectionism a worry

BERLIN Feb 8 Germany’s DIHK Chambers of
Commerce raised its 2017 outlook for growth in Europe’s biggest
economy to 1.6 percent, helped by the strongest rise in export
expectations in three years but cautioned that firms are worried
about U.S. trade policy.

The survey, published on Wednesday, showed that 27,000 DIHK
members expect exports to rise by 3 percent this year, up from a
forecast of 2 percent in the autumn.

Global trade is reviving, said the DIHK, driven by momentum
from the U.S. economy and growth in China.

“While exporters’ worries about demand from abroad wane,
more companies see a danger in the political framework for
business,” said the DIHK. Firms see possible protectionist
measures from the U.S. and reciprocal steps, as well as Brexit
and currency turbulence as risks, it said.

In the autumn, the DIHK survey had put economic growth
expectations for 2017 at 1.2 percent for this year.

(Writing by Madeline Chambers; Editing by Paul Carrel)

Source: Reuters

News

BRIEF-UPS To Deploy First Electric Truck To Rival Cost Of Conventional Fuel Vehicles

February 22, 2018 mmayha 0

Feb 22 (Reuters) – United Parcel Service Inc: * UPS TO DEPLOY FIRST ELECTRIC TRUCK TO RIVAL COST OF CONVENTIONAL FUEL VEHICLES * UPS – COLLABORATING WITH WORKHORSE GROUP TO DESIGN VEHICLES FROM GROUND UP, […]

News

UPDATE 1-U.S. Treasury to sell $118 bln in bills

February 22, 2018 mmayha 0

(Adds background) WASHINGTON, Feb 22 (Reuters) – The U.S. Treasury Department said on Thursday it will sell record amounts of three-month and six-month short-term government debt next Monday and increased the offering size of one-year […]

Be the first to comment

Leave a Reply