BERLIN (Reuters) - The German economy grew by a less than expected 2.2 percent in 2017, the strongest rate in six years and an improvement on the previous year, a preliminary estimate from the Federal Statistics Office showed on Thursday.
Europe's largest economy is benefiting from rising private consumption and resurgent exports buoyed by a recovery of the global economy.
Economists polled by Reuters had expected growth in gross domestic product (GDP) of 2.4 percent after an expansion rate of 1.9 percent in the previous year.
Adjusted for calendar effects, the growth rate was 2.5 percent last year, the statistic office said.
(Reporting by Michael Nienaber and Joseph Nasr)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app