German exports fell 8percent year-on-year in June, experts worried about a recession.

category:Finance
 German exports fell 8percent year-on-year in June, experts worried about a recession.


Joachim Lang, Director-General of the Federation of German Industries, made similar judgments about Germanys export growth prospects. He said that the German government should act as soon as possible to promote investment and innovation, especially by devoting more of its existing fiscal surplus to investment. The grand coalition government has spent too much energy on redistribution and too little on ensuring future development. (end)

Source: Responsible Editor of CNN: Han Yukun_NBJ11142