German exports in spotlight as US treasury chief visits


A file photo showing a container ship in the seaport of Hamburg, Germany. Germany's trade surplus expanded in November, as exports grew to €93.2bil from €92.9bil in Oct, while imports contracted by 1.1% to €75.4bil from €76.2bil - EPA Photo.

FRANKFURT: Germany's booming trade surplus, long a source of friction in Europe, is back in the spotlight on Wednesday as US Treasury Secretary Jack Lew is due to meet Finance Minister Wolfgang Schaeuble.

Just ahead of the talks where Lew is expected to call on Berlin to boost demand to strengthen economic growth, new trade data showed that German exports are still growing while imports are shrinking.

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Germany , trade surplus , spotlight , exports , criticism , US

   

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