Germany posts first trade deficit in 30 years
Jul 4th 2022 8:10am EDT
The costs of imports soared while foreign sales dropped for the export-oriented economy Declining exports along with surging imports caused a €1 billion ($1.04 billion) trade imbalance in Germany in May, data revealed on Monday by the Federal Statistical Office (Destatis) shows. The first trade deficit in more than three decades came as German businesses […]
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