Germany’s economy grows by 1.5%

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Published: Thursday 15th January 2015 by The News Editor

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The German economy – Europe’s biggest – grew by 1.5% in 2014 after barely expanding the previous year.

The figure released by the German federal statistical office today was in line with economists’ expectations. In 2013, Germany managed only 0.1% growth.

Germany issues a preliminary full-year growth figure before giving an official fourth-quarter growth figure, which is due next month.

The German economy made a fast start last year before contracting slightly in the second quarter and returning to slight growth in the summer. It is expected to gain more momentum in the coming months.

Published: Thursday 15th January 2015 by The News Editor

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