BERLIN, April 15 (Reuters) - Germany's BDI industry
association expects exports to grow by 2% in 2023, double its
forecast in January, its president told the Rheinische Post
newspaper in comments published on Saturday.
"Things are looking up, but only slowly - we must not be
satisfied with that," BDI President Siegfried Russwurm told the
newspaper.
Even with the improved outlook, Germany still lags behind
the forecast for global trade of 2.5% export growth, according
to BDI figures cited in the report.
Export growth has slowed considerably since Germany's
post-pandemic recovery. Exports grew by 2.9% in 2022 and 9.1% in
2021.
The BDI president said Germany was falling behind other
countries where energy prices are not as high.
"The reality is that energy-intensive companies in
particular are increasingly relocating parts of their production
abroad," Russwurm said.
(Writing by Friederike Heine, Editing by Rachel More)
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