At the same time, however, a sizable increase in imports has accompanied the upturn in our economy, and the effect of exports and imports on GDP growth has been roughly offsetting. On the negative side, some sectors of the economy remain quite weak.
See Deutsche Bundesbank (2022), Rise in energy prices, the exchange rate of the euro and Germany’s price competitiveness, Monthly Report, December 2022, pp. 45-54. 11. See Deutsche Bundesbank (2023), Impact of higher energy costs on the profitability of German industrial enterprises, Monthly Report, March 2023, pp. 69-70. 12.