BERLIN (Reuters) – Germany’s BGA trade association said on Tuesday it expects exports to shrink by at least 12% this year as demand from the United States and Britain collapsed due to the coronavirus pandemic.
“The COVID-19 pandemic has pushed us back five years when it comes to exports – and at the same time it has catapulted us five years into the future in terms of digitalisation,” BGA President Anton Boerner said.
(Reporting by Michael Nienaber, editing by Kirsti Knolle)
