German exporters are expressing growing anxiety about the appreciation of the euro against the US dollar and the prospect of a currency war.
Germany, the world’s second largest exporter after China, is on track for 16 per cent growth in foreign trade to €937bn ($1,307bn) this year, mostly spurred by buoyant demand from emerging markets.
But there are signs that export growth is slipping. Several industrialists told the Financial Times they were worried export growth could be hit further by the falling dollar and the prospect of more quantitative easing in the US.
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