Germany's industrial production declines in 2015


(MENAFN) Both Germany's industrial production and net exports fell in last Nov, reminding people of the fact that Europe's biggest economy's growth force was lopsided.

Accordingly, the increase of German imports surpassed that of exports in the cited month as exports rose by 0.4 percent whereas imports increased 1.6 percent.

Foreign trade was a traditional growth engine of Germany, but as the world economy yet fully recovered from economic crisis, this engine went into a stall in recent years.

"The German economy's greatest weakness is the low public and private investment, which is still close to its historic lows despite dynamic consumer demand," said an economist.


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