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)