German trade surplus grows
LOW OIL prices helped drive Germany’s current account balance to a record high in 2014, official figures showed yesterday.
Exports rose 3.7 per cent over the year, outpacing imports which increased two per cent.
As a result the surplus rose to €215bn (£160bn), equivalent to 7.5 per cent of GDP.
The figure also underlines the sustained competitiveness imbalance between states like Germany and the more troubled periphery.