Germany Posts First Trade Deficit Since 1991. Here’s What it Means.

Germany Posts First Trade Deficit Since 1991. Here’s What it Means.
·1 min read

Germany, Europe’s largest economy, registered its first monthly trade deficit since 1991 in May. Known as an export powerhouse, the figures are a reflection of both softening demand abroad and increased prices of imported goods, particularly energy, after Russia’s invasion of Ukraine. The surprise readings show how much the surge in oil and commodity prices, as well as rising borrowing costs, are upending the global economy.