BERLIN – A leading business organization says German exports to countries outside the European Union will overtake those to the 27-nation bloc by 2025.
The exporters group BGA says trade with other countries in the EU has suffered because of the economic crisis over the past few years.
BGA president Anton Boerner said Monday that his group expects economic conditions in southern Europe to worsen further and that he has little hope for structural reforms in Italy and France in the coming years.
Meanwhile, Germany’s exports to an economically resurgent United States are predicted to grow by 15 per cent to almost 100 billion euros ($130.8 billion) this year.
Exports to China are expected to grow by 5 per cent to 70 billion euros in 2013.