09 Apr 2019, Natalia Mihailova, EMIS Editor
The slowdown in the German auto industry to have a direct negative impact on Romania
Germany is the largest export partner for Romania with a 22.9% share of total exports, however as the German car industry faces an uncertain environment and the imposition of US tariffs would be a very unwelcome headwind, experts outline Romania and the Czech Republic most exposed across the CEE space.
ING Bank experts estimate that a slowdown in the German auto industry would have a direct negative impact on Romanian exports, planned investments by German companies and GDP growth with subsequent implications for the currency, Business-Review.eu added.
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