Germany’s Struggling Economy Gets ‘Ray of Hope’ as Exports Jump

From bnnbloomberg.ca

German exports jumped at the beginning of the year, a sign that the industrial weakness that’s weighed on Europe’s biggest economy might be easing. Sales abroad rose 6.3% in January from the previous month, far exceeding all estimate in a Bloomberg survey. Imports also increased more than expected, though the trade surplus still widened to €27.5 billion ($30 billion) — a likely record. One reason for the resurgence was exports to China, which grew almost 8%. Deutsche Bank economist Robin Winkler said this was a “specific ray of hope.” “Despite all the gloom, Germany’s foreign trade is off to a strong ... (full story)