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
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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

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