German Exports Approaching Pre-Crisis Level, Lobby Chief Says

German exports may reach their pre-crisis level by the end of next year as demand from emerging markets including China buoys growth in the face of a sputtering U.S. economy, the head of Germany’s export group said.

Rising exports may spur economic expansion of 3 percent in Germany this year, Anton Boerner, head of the Berlin-based BGA wholesale and export federation, said in an interview today. Even as a weakening in the U.S. recovery threatens to slow growth in Europe’s largest economy to as low as 1.25 percent in 2011, the current boom may wipe out export losses following the crisis by next year, he said.