Exclusive: German trade body cuts forecast for 2016 export growth

[August 29, 2016]  By Gernot Heller

BERLIN (Reuters) - Germany's BGA trade association has slashed its 2016 forecast for export growth of Europe's biggest economy as risks, including Brexit, are increasing uncertainties for companies around the globe, BGA head Anton Boerner told Reuters on Monday.

Containers are loaded onto a container ship at a shipping terminal in the harbour in Hamburg, Germany September 18, 2014. Picture taken September 18, 2014. REUTERS/Fabian Bimmer/File Photo

The trade association now expects German exports to grow by between 1.8 and 2.0 percent on the year in 2016, Boerner said. This marks a sharp correction from its previous forecast of 4.5 percent export growth published in April.

(Reporting by Gernot Heller,; Writing by Michael Nienaber; Editing by Joseph Nasr)

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