Good Morning from #Germany where the export model keeps eroding. Germany's once sizable export surplus falling off a cliff, more than halved YoY <€80bn in 2022 due to rising energy costs, the lowest figure since 2000 and 5th decline in succession. pic.twitter.com/LjLDnKFLzn

— Holger Zschaepitz (@Schuldensuehner) February 3, 2023