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In 2018, German exports and imports are expected to reach record maximums, as the BGA trade association informed on Tuesday. The BGA added that companies in Europe's number one economy will keep deriving benefits of a recovery in America, China and the European Union.
German exports are expected to ascend by 5% in 2018 to reach a record peak of 1.3 trillion euros. As for imports, they will most likely tack on by 7% hitting a record high of 1.1 trillion euros.
The trade projections appear to be another confirmation that reviving exports will contribute to an expansion in 2018 that the Ifo economic institute actually estimates at about 2.6%. Obviously, trade is going to add more impetus to the German economy that has been ascending due to state spending as well as private consumption.
By the way, the BGA considers protectionist trade policies of American President Donald Trump to be a threat to the free commerce order ruled by the World Trade Organization.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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