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German GDP grew 1.9% in 2016, strongest rate in 5 years

Economy is benefiting from rising private consumption and increased state spending on refugees

Reuters  |  Berlin 

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The German expanded by 1.9% in 2016, the strongest rate in five years and an improvement on the previous year, a preliminary estimate from the Federal Statistics Office showed on Thursday.

Europe's largest is benefiting from rising private consumption and increased state spending on refugees, compensating for a weaker contribution from amid sluggish demand from major trading partners and emerging markets.

Economists polled by Reuters had expected growth in gross domestic product (GDP) of 1.8% for 2016 after an expansion rate of 1.7% in the previous year.

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German GDP grew 1.9% in 2016, strongest rate in 5 years

Economy is benefiting from rising private consumption and increased state spending on refugees

Economy is benefiting from rising private consumption and increased state spending on refugees
The German expanded by 1.9% in 2016, the strongest rate in five years and an improvement on the previous year, a preliminary estimate from the Federal Statistics Office showed on Thursday.

Europe's largest is benefiting from rising private consumption and increased state spending on refugees, compensating for a weaker contribution from amid sluggish demand from major trading partners and emerging markets.

Economists polled by Reuters had expected growth in gross domestic product (GDP) of 1.8% for 2016 after an expansion rate of 1.7% in the previous year.
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Business Standard
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German GDP grew 1.9% in 2016, strongest rate in 5 years

Economy is benefiting from rising private consumption and increased state spending on refugees

The German expanded by 1.9% in 2016, the strongest rate in five years and an improvement on the previous year, a preliminary estimate from the Federal Statistics Office showed on Thursday.

Europe's largest is benefiting from rising private consumption and increased state spending on refugees, compensating for a weaker contribution from amid sluggish demand from major trading partners and emerging markets.

Economists polled by Reuters had expected growth in gross domestic product (GDP) of 1.8% for 2016 after an expansion rate of 1.7% in the previous year.

image
Business Standard
177 22