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09 Apr 2019, Natalia Mihailova, EMIS Editor

The slowdown in the German auto industry to have a direct negative impact on Romania

Romania is very exposed to a slowdown in the German auto industry as the automotive-related exports to Germany account for about 15% of total exports, representing roughly 10% of the country's GDP, Business-Review.eu reported, referring to an ING Bank report.

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.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Business-Review.eu

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