Stellar growth bucks crisis

Published on 20 August 2010 at 12:24


Germany’s economy is set to grow by 3 per cent this year, faster than even the Bundesbank had forecast only two months ago, the Financial Times reports. What is more the German central bank said that the economic recovery in Europe’s largest economy was being increasingly generating its own momentum, not just by its tigerish export growth to the US and China. The good figures come after Germany reported stellar growth in its GDP of 2.2 percent in the second quarter.


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