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The Burchardkai container terminal in Hamburg.
The Burchardkai container terminal in Hamburg.


German economy building on BRICs

German GDP may decline in the fourth quarter. German exports were flat year on year in November, with sales to the euro zone down a hefty 5.7 per cent from the previous year. But the country’s slowdown is likely to be temporary. Emerging markets will drive Germany on.

The 10.4-per-cent increase in exports outside the European Union in January to November compared with the previous year reflects what has been taking place for the past remarkable decade – and is a sign of things to come.