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German business takes €3.5bn Brexit hit in first half of 2019
By EUobserver
German businesses have incurred losses worth €3.5bn in bilateral trade between Germany and the UK because of negative effects of Brexit in the first half of this year alone, according to the Federation of German Wholesale, Foreign Trade and Services (BGA). The president of the BGA warned that the real cost will be much higher and that a no-deal Brexit would have "catastrophic consequences" for German exporters.