German exports have staged “a first comeback” by jumping 9% in May, says Carsten Brzeski of ING, but there’s plenty more room for improvement. Looking ahead, while April was the worst month ever in terms of most economic data releases, the month of May has been one of the best months ever. However, it will need a couple of these ‘best month evers’ to bring the economy back to its pre-crisis level. Particularily the divergence between domestic and external demand is remarkable.
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