German Economy Grew More Than Forecast in First Quarter @ Forex Factory

German Economy Grew More Than Forecast in First Quarter

From bloomberg.com

The German economy grew five times more than economists forecast in the first quarter as exports to emerging markets offset waning euro-area demand. Gross domestic product in Europe’s largest economy rose 0.5 percent from the fourth quarter, when it fell 0.2 percent, the Federal Statistics Office said in Wiesbaden today. Economists predicted a 0.1 percent gain, according to the median of 40 estimates in a Bloomberg News survey. French GDP stagnated. With the euro region’s debt crisis ravaging economies from Greece to Spain, German companies have shifted focus. Carmakers and their suppliers are ... (full story)

Posted: May 15, 2012 4:12am

Submitted by: FF News

Category: Low Impact Breaking News
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