Germany wholesale and foreign trade association (BGA) Chairman Anton · Borna says to the outside world, although the first four months of this year Germany export dropped significantly, but it is expected to be strong in 2010.
Borna, Germany in 2010 is expected to export growth will be at least 5%, if the full recovery of the global trade export growth of 10% is possible. However, he also expects 2009 Germany export will drop sharply higher than 18% drop after 15% of the BGA prediction.
Borna says that we should pay special attention to later this year, the credit may appear a tense situation. He believes should intensify their divestiture in the banking sector "toxic assets", and in the economic recovery before giving the exporter enough credit financing.
It is reported that prior to Deutsche Bank Chief Economist Norbert · Walter is expected in 2010 Germany export may increase by 1%, to return to the 2008 level needs 3-4 years time.
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