German exports plunge 11.8% in March as virus hits demand

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GERMAN exports fell by 11.8 per cent in March, their steepest drop since current records began in 1990, as the novel coronavirus crisis reduced demand for goods from Europe's biggest economy, the Federal Statistics Office said on Friday. Read more at The Business Times.

Economists expect the pace of recovery to dependon how fast Germany's trade partners such as Europe, China and the US emerge from the crisis.GERMAN exports fell by 11.

8 per cent in March, their steepest drop since current records began in 1990, as the novel coronavirus crisis reduced demand for goods from Europe's biggest economy, the Federal Statistics Office said on Friday.

 

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