German exporters have modest hopes for next year, anticipating problems at major customers in China because of climbing COVID infections and rising prices making U.S. buyers cautious, the Federation of German Wholesale and Foreign Trade said. | Reuters
“We are also worried about the U.S.” Jandura said. “We have a stronger euro again because of the ECB interest rate increases. That’s not going to boost exports.”
To tame soaring inflation, the European Central Bank and the U.S. Federal Reserve have raised interest rates at the fastest pace in decades and both are expected to do more next year.
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