World Economy

German Economy Growing

German Economy GrowingGerman Economy Growing

The German economy is continuing to expand thanks to private consumption, with refugees providing a limited additional boost, the economy ministry said in its monthly report Friday, Reuters reported. The ministry said Europe’s largest economy was facing a slight headwind from the tough global economic environment but rising employment and wages along with the low oil price and the weak euro were helping. It said construction would probably increase in the coming months while the industrial sector was beginning to overcome the weak patch it went through in the third quarter. “Overall Germany’s economic output has probably grown in the fourth quarter,” the ministry said. The economy expanded by 0.3%.