German exports growth cut on Brexit

Germany’s BGA trade association slashed its 2016 forecast for export growth, its head said yesterday, predicting sales abroad by Europe’s biggest economy would later stagnate as the delayed impact of Brexit hit home.

Global demand for German goods has slowed significantly, with the UK’s decision to leave the EU among several factors increasing uncertainties and complicating investment decisions, Anton Boerner said.

“The repercussions (of Brexit) will impact us massively in the near future,” he told Reuters in an interview.