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German Gross domestic product up 0.8% in 1st quarter of 2014
The German economy is gaining momentum. In the first quarter of 2014, the gross domestic product (GDP) rose 0.8% on the fourth quarter of 2013 after adjustment for price, seasonal and calendar variations. The moderate growth rate of last year (+0.4% in the last quarter of 2013) thus has increased. The Federal Statistical Office (Destatis) also reports, however, that a factor that contributed to the strong growth at the beginning of the year was the extremely mild weather. In a quarter-on-quarter comparison (adjusted for price, seasonal and calendar variations), positive contributions were made only by domestic ... (full story)
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