US EditionExporters Expect Growth Despite Middle East Conflict
9 Articles
9 Articles
German companies defy global crises, but remain skeptical about the US business: almost one in two expects negative consequences from tariffs.
In spite of the conflict in the Middle East, a significant majority of German exporters expect further growth. According to a survey conducted by the credit insurer Allianz Trade, 85 percent of companies surveyed in Germany expect export sales to rise for the current year. Only 75 percent of the world's exports agree. At the same time, Germans have greater concerns in the US business. 49 percent expect further negative effects of US customs poli…
Geopolitical uncertainties are risk #1. Nevertheless, according to the survey, around 75 percent of export companies worldwide expect positive growth.
The German export companies are remarkably confident despite the tense geopolitical situation in the Middle East. According to a recent survey by the credit insurer Allianz Trade, 83 percent expect to see an increase in export sales despite the recent escalation. It is important that the agreed ceasefire between the US and Iran is maintained, as Björn Griesbach, chief economist at Allianz Trade, stressed in a press conference. Griesbach also poi…
However, German export companies remain concerned about developments in trade with the US.
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