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Coronavirus poses risk for German trade in coming months: finance ministry

2020-02-21 08:53:22       source:Reuters

February 21, 2020

BERLIN (Reuters) - Germany’s trade outlook remains clouded by weaker global demand and the coronavirus epidemic adds another risk to exporters in Europe’s largest economy, the finance ministry said on Friday.

Germany’s export-dependent economy stagnated in the fourth quarter as both industrial orders and output fell sharply in December, holding back overall growth in the wider euro zone.

In its monthly report, the finance ministry cited weak demand from abroad as a reason for the muted trade outlook. “Possible economic effects of the coronavirus also pose a risk to foreign trade developments in the coming months,” it added.

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