By continuing to use this site you consent to the use of cookies on your device. Find out more about our cookie policy and the types of cookies we use by clicking here

German Economy Expands Most In 5 Years

BERLIN (Alliance News) - The German economy expanded at the fastest pace in five years in 2016, ...

Alliance News 12 January, 2017 | 9:41AM
Email Form

BERLIN (Alliance News) - The German economy expanded at the fastest pace in five years in 2016, data published by Destatis showed Thursday.

Gross domestic product grew 1.9% in 2016 after expanding 1.7% in 2015. This was the fastest since 2011.

In calendar-adjusted terms, the GDP growth rate was 1.8% versus 1.5% in 2015.

The general government surplus was 0.6% of GDP in 2016, in line with expectations. For the third consecutive year, general government showed a surplus at the end of the year.

Copyright RTT News/dpa-AFX

Email Form
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.