• Says 2013 exports fell 0.2% y/y but 2014 looks positive
  • Expects 2014 exports rising to 3.0%
  • Remain cautiously optimistic of the trend change in the EZ economy this year
  • China and EM’s also signalling improvement
  • Trade with US will be a motor for export growth in 2014

German BGA foreign trade group comments on BBG