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German Gross domestic product slightly up in 1st quarter of 2013
The German economy is slow in gaining momentum. Compared with the previous quarter, the gross domestic product (GDP) increased by 0.1% in the first quarter of 2013 after adjustment for price, seasonal and calendar variations. One of the reasons for this small growth at the beginning of the year, however, was the extremely cold weather. In the last quarter of 2012, the German economy had suffered a major setback of –0.7%, according to the most recent calculations. The Federal Statistical Office (Destatis) reports that, for the entire year of 2012, the GDP figures have not changed as compared with the previously ... (full story)
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