imageEconomic Indicators5 hours ago (Jul 08, 2020 05:20AM ET)

(C) Reuters. FILE PHOTO: Aerial view of containers at a loading terminal in the port of Hamburg

BERLIN (Reuters) – German exports will drop by 15% this year and will only recover slightly in 2021, Germany’s DIHK chambers of commerce said on Wednesday.

Exports will rise by a single-digit percentage next year, by 7% if the situation improves significantly, DIHK foreign trade head Volker Treier said.

“We will only experience disappointments in the next few months,” Treier said.

German exports to fall by 15% in 2020: DIHK

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