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War In Ukraine Dampens German Exports

Posted by: Top News Editor in Forex News May 4, 2022

The war in Ukraine and the subsequent sanctions on Russia took its toll on German exports in March, official data revealed Wednesday. Exports fell by more-than-expected 3.3 percent on a monthly basis in March, in contrast to the 6.2 percent expansion seen in February, data from Destatis showed on Wednesday. Shipments were forecast to drop 2.0 percent.
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