Thursday, August 12, 2010

Germany Economy Grew By 2.2% in Q2, Best in Two Decades

unlike the US economy whose Q2 GDP growth may be reduced to mere 1%.

For more on Germany's second economic miracle since the World War II, read my post from July.

From AP (8/13/2010):

BERLIN (AP) -- Official data show that the German economy -- Europe's biggest -- grew by 2.2 percent in the second quarter compared with the previous three-month period. That was its best performance since reunification two decades ago.

Preliminary figures from the Federal Statistical Office showed Friday that growth surged from 0.5 percent in the first quarter -- a figure that was revised up to more than double the initial reading of 0.2 percent.

An improving global economy has fed demand for German exports, while industrial orders and business confidence have been rising.

Second-quarter gross domestic product for the full 16-nation eurozone are due later Friday.


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