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Germany Logs Moderate Growth

Germany Logs Moderate GrowthGermany Logs Moderate Growth

While losing some of its previous momentum, the German economy is still in a robust state, logging higher-than-expected growth in the second quarter. Exports and private consumption were behind the expansion, DW reported. Germany’s gross domestic product rose by 0.4% in the second quarter, compared with the first three months of the year, the National Statistics Office said in its first Q2 growth estimate. Growth was thus twice as high as penciled in by analysts, but failed to match the 0.7% jump quarter on quarter, logged in the January to March period.

Financialtribune.com